The board of directors of China Minsheng Financial Holding Corporation Limited informed the shareholders and potential investors of the Company that, based on the management's preliminary assessment of the unaudited consolidated management accounts of the Group and the information currently available, the Group is expected to significantly reduce loss or record a turnround to profit for the six months ended 30 June 2020 as compared with a loss of approximately HKD 104,360,000 for the six months ended 30 June 2019.