China Partytime Culture Holdings Limited announced that, based on the information currently available to the Group and a preliminary assessment of the unaudited management accounts of the Group for the year ended 31 December 2019, the Group expects to record a significant increase in the net loss of approximately RMB 60.0 million for the year ended 31 December 2019 as compared with that for the year ended 31 December 2018. Such increase in the net loss is primarily attributable to: (i) an impairment loss recognized on investment properties; and (ii) a substantial loss on fair value changes of the financial asset at fair value through profit or loss.