The Board of Directors of Centenary United Holdings Limited informed shareholders of the Company (the "Shareholders") and potential investors of the Company that based on the information currently available to the Board and its preliminary review and assessment of the Group's latest unaudited consolidated management accounts for the six months ended 30 June 2020 (the "Management Accounts"), the revenue and the consolidated net profit after tax of the Group for the six months ended 30 June 2020 are expected to be not less than RMB 700 million and RMB 8 million (excluding listing expenses: approximately RMB 8 million), respectively, as compared to a revenue of approximately RMB 931 million and net profit of approximately RMB 16 million (excluding listing expenses: approximately RMB 21 million) for the corresponding period in 2019. The Board was of the view that the declines in its revenue and consolidated net profit after tax for the six months ended 30 June 2020 were mainly due to the outbreak of COVID-19.