The board of directors of Nine Dragons Paper (Holdings) Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the management accounts of the Group, if the exchange gains on operating and financing activities net of tax were excluded, the profit attributable to equity holders of the Company for the six months ended December 31, 2020 (the "Period") is expected to increase not less than 60% as compared to the six months ended 31 December 2019 (the "Corresponding Period"), due to stable growth of the sales revenue and increase in gross profit margin.