China Tobacco International (HK) Company Limited informed the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary assessment of the Company's latest unaudited management accounts and the information currently available to it, the Company is expected to record a decrease in net profit in the range of 65% to 75% for the year ending 31 December 2020 (the "Year") as compared to that of the year of 2019.