What is the fine-grained topic of the following text: The Company wishes to draw investors' attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last 6 months. Only return the topic.
Company's risk of being placed on an Exchange's watch-list due to financial losses and low market capitalisation