The Board informed the shareholders of the Sing Lee Software (Group) Limited and potential investors that the Group is expected to record a loss of approximately RMB 17,361,000 for the nine months ended 30 September 2020, as compared to a net profit of approximately RMB 1,743,000 for the nine months ended 30 September 2019. The turnaround from profit to loss was mainly attributable to a significant decrease in revenue due to the COVID-19 pandemic. Despite the unaudited results of the Group for the nine months ended 30 September 2020 is expected to record a loss, the Board considers that the Group's overall financial positions are healthy and the Board remains positive on the prospects of the Group.