The board of directors of the China Renaissance Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended June 30, 2020, the Group expects to record a profit for the period attributable to owners of the company of approximately RMB 407.4 million (USD 56.5 million) for the six months ended June 30, 2020, as compared to a profit for the period attributable to owners of the company of approximately RMB 176.8 million (USD 26.1 million) for the corresponding period in 2019, representing an increase of approximately 130.4%. Such increase of profit of the Group for the six months ended June 30, 2020 is mainly attributable to increase in operating profit of the Group's investment management business segment and effective control of the Group's other operating expenses. The Group is cautiously optimistic for a continued market recovery, and will continue to evaluate the impact of 2019 Novel Coronavirus on the Group's business in the future.