The board of directors of Jolimark Holdings Limited informed the shareholders of the company and potential investors that based on a preliminary review of the latest unaudited consolidated management accounts of the Group for the six months ended 30 June 2018, the Group recorded a slight decrease in both turnover and gross profit margin due to the persistent market downturn, with an increase in promotion fees and development expenses for new business/new products and loss arising from a change in exchange rate of the Renminbi in the first half of the year. It is expected that the Group will record a loss for the six months ended 30 June 2018 of approximately between RMB 5 million and RMB 6 million, as compared with a profit for the same period last year.