The Board 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 Period is expected to decrease not more than 35% as compared to the Corresponding Period. The decrease was mainly due to the increase in the selling price of the products was much slower than the increase in the cost of raw materials with sales volume remained relatively stable amid the COVID-19 pandemic. The profit attributable to equity holders of the Company for the Corresponding Period was RMB 3,912.6 million if the exchange gains on operating and financing activities (net of tax) amounted to RMB 89.4 million were excluded.