The board of directors of GDH Guangnan (Holdings) Limited announced that, based on the Company's preliminary review of the management accounts of the Group for the six months ended 30 June 2020, the consolidated profit attributable to shareholders of the Company for the six months ended 30 June 2020 is expected to be increased by approximately 40% as compared to the same period in 2019, primarily attributable to the net effect of the significant increase in the price of live pigs during the current period as compared to the same period last year resulting from the African swine fever virus and the tight supply of domestic pigs in China.