Precision Tsugami (China) Corporation Limited provided unaudited consolidated earnings guidance for the nine months ended December 31, 2020. For the nine months, the company expected to record an increase of approximately 100% in the profit attributable to the owners of the Company for the nine months ended 31 December 2020 as compared to that for the nine months ended 31 December 2019. The board of directors of the Company (the "Board") would like to inform the shareholders of the Company (the "Shareholders") and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2020 and the information currently available, the Group is expected to record an increase of approximately 100% in the profit attributable to the owners of the Company for the nine months ended 31 December 2020 as compared to that for the nine months ended 31 December 2019.