The board of directors of Xinji Shaxi Group Co. Ltd. informed the shareholders of the Company (the "Shareholders") and potential investors that based on a preliminary review of the Group's unaudited consolidated management accounts for the six months ended 30 June 2020 (the "Interim Period"), it is expected that the net profit attributable to the Shareholders for the Interim Period is likely to decrease by not less than RMB 25.0 million but not more than RMB 35.0 million as compared to the net profit attributable to the Shareholders of approximately RMB 47.3 million in the corresponding period in 2019.