The board of directors of the Satu Holdings Limited announced that the shareholders of the company and potential investors that based on the preliminary review of the currently available unaudited consolidated management accounts of the Group for the year ended 31 March 2020, it is expected that the net loss before tax for the year ended 31 March 2020 increased by approximately 69% compared to that for the year ended 31 March 2019. The increase in expected loss is mainly due to a decrease in sales orders from one of the major customers; a lower gross profit margin recorded; and an increase in the depreciation of property, plant and equipment.