The board of directors Playmates Toys Limited to inform shareholders of the Company and investors that based on a review of the Group's unaudited management accounts for the nine months ended 30 September 2019, the revenue of the Group decreased and the loss before income tax of the Group widened for the nine months ended 30 September 2019 as compared to the corresponding period in 2018. The unaudited revenue of the Group for the nine months ended 30 September 2019 is approximately HKD 258 million as compared to approximately HKD 290 million for the corresponding period in 2018, and the unaudited loss before income tax of the Group for the nine months ended 30 September 2019 is approximately HKD 25 million as compared to approximately HKD 7 million for the corresponding period in 2018. Year-to-date performance reflected investments in future product launches as well as a decrease in the period-to-period sales revenue and gross margin. It is expected that the operating environment for the rest of the year remains challenging.