Icon Culture Global Company Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2020. For the year, the company expected to record a turnaround to profit attributable to equity shareholders of the Company not less than RMB 55.0 million for the Relevant Period as compared to a loss attributable to equity shareholders of the Company of approximately RMB 42.3 million for the year ended 31 December 2019. The expected turnaround profit was primarily attributable to the revenue of an amount of approximately RMB 61.3 million arising from various contracts entered into by the Group in 2019 was recorded during the Relevant Period when there were no legal uncertainty regarding the Group's performance obligations and ability to collect the considerations. As the Company is still in the process of finalising the Group's audited consolidated annual results for the financial year ended 31 December 2020, the information contained in this announcement has not been audited by the auditor of the Company or reviewed by the audit committee of the Company. The above information may be subject to possible adjustments upon further review.