The board of directors (the "Board") of Changhong Jiahua Holdings Limited informed the shareholders and potential investors of the Company that, based on the preliminary review of the Group's unaudited consolidated management accounts for the year ended 31 December 2020 (the "Year"), the Group is expected to record a significant increase in its revenue and profit attributable to owners of the Company for the Year, and the revenue for the Year is expected to increase by approximately 34% as compared to the revenue of the Group of approximately HKD 29,999,669,000 for the year ended 31 December 2019, and the profit attributable to owners of the Company for the Year is expected to increase by approximately 19% as compared to the profit attributable to owners of the Company of approximately HK$289,166,000 for the year ended 31 December 2019.