The board of directors of Gudou Holdings Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 (the "Period"), it is expected that the net profit of the Group for the Period will increase by approximately 60% as compared to the audited net profit of approximately RMB 15.6 million for the year ended 31 December 2018. The expected increase in the net profit for the Period is mainly attributable to the improved performance in hot spring resort and hotel operations, partially resulting from the commencement of operation of a new themed hotel complex, Yuequan Huju Hotel, in 2019.