The board of Directors of CCID Consulting Company Limited informed the shareholders and potential investors of the Company that, based on the preliminary assessment of the latest unaudited consolidated management accounts of the Group and the information currently available to the Company, the Group expects to record a loss of approximately RMB 13,520,000 for the three months ended 31 March 2020. As shown in the Group's unaudited first quarterly report for the three months ended 31 March 2019 published on 14 May 2019, the loss of the Group for the Last Period was RMB 1,545,000.