The board of directors of China Sanjiang Fine Chemicals Company Limited to inform the shareholders of the company and potential investors that, based on the preliminary review and assessment of the Group's unaudited consolidated financial information for the year ended 31 December 2020, the Group is expected to report a net profit attributable to equity holders of approximately RMB 1,100 million for the year ended 31 December 2020, representing an increment of approximately 100%, as compared to net profit attributable to equity holders of the Company of approximately RMB 550.5 million for the year ended 31 December 2019. The expected increase in net profit attributable to equity holders of the Company was primarily attributable to:- 1) the average selling prices of the Group's major products namely ethylene oxide, ethylene glycol and polypropylene decreased in a relatively lesser extent when comparing to the decreases in average purchase prices of the Group's major feedstocks namely methanol, ethylene and propylene in 2020 when comparing to 2019 as a result of the persistent demands from downstream manufacturers; 2) the pricing of methanol stayed in a relatively lower level during the year under view; and 3) the Group managed to maintain the utilization rate of its production capacities in a relatively high level despite the outbreak of the COVID-19 pandemic as the Group has been implementing various strict measures to safeguard the health and safety of suppliers, customers and employees.