Harbin Bank Co., Ltd. announced based on the information currently available to the Board, the net profit of the Group for the year ended 31 December 2020 is expected to decrease by approximately 60% to 80% as compared with the corresponding period of the previous year, primarily due to the Bank's increase in the allowance for impairment losses and intensified disposal of non-performing assets and write-offs in response to the weakened repayment capabilities of certain credit customers suffering from difficulties in their production and operation as a result of the slowdown of the macroeconomic growth caused by the novel coronavirus (COVID-19) pandemic. Furthermore, the Bank implemented relevant national policies and fulfilled corporate social responsibility by sacrificing part of its profit to support real economy. Taking into full consideration impact of factors such as the COVID-19 pandemic and the uncertainties about economy recovery on asset quality, the Bank will enhance risk management capability, transform operational approaches so as to better serve the real economy and progressively restore operating results.