Brainhole Technology Limited has provided profit forecast for the six months ended June 30, 2019. The board of directors of the Company wishes to inform the shareholders of the Company and potential investors that, based on information currently available to the Company and the preliminary review by the Board of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2019, the Group is expected to record a significant decrease in the net profit for the six months ended 30 June 2019 by approximately 90% as compared with the corresponding period in 2018. The decrease in the net profit of the Group for the six months ended 30 June 2019 was mainly attributable to (i) the decrease in revenue as a result of slowdown in orders from customers and the global trade dispute and tariff battle; and (ii) the decrease in gross margin as a result of the increase in labour costs driven by labour shortage and additional costs incurred for new quality assurance system to cope with customers' new technological standard and requirements.