The board of directors of Solargiga Energy Holdings Limited informed the shareholders of the Company and potential investors that based on a preliminary assessment on the unaudited management accounts of the Group's interim results for the six months ended 30 June 2020, it is expected that the Group will achieve a turnaround for the Period without taking into account the asset impairment losses incurred by the elimination of outdated production capacity of solar cells. However, the Group will still record a loss after the recognition of the abovementioned asset impairment loss, while the expected amount of loss of the Equity holders of the Company will be significantly decreased by not less than 65% and not more than 75% as compared to the same period of the previous year.