The board of directors of the Teamway International Group Holdings Limited informed the shareholders ("Shareholders") and potential investors of the company that, based on the information currently available and preliminary assessment of the latest unaudited financial information of the Group, the Group expects to record an increase in loss attributable to owners of the parent for the year ended 31 December 2020 ("FY2020") by approximately 1% to 3% as compared with the loss attributable to owners of the parent of approximately RMB 38.23 million for the year ended 31 December 2019 ("FY2019"). Such expected increase was mainly attributable to the absence of dividend income of RMB 29.15 million recorded in FY2019. The expected increase in loss was partially offset by the following factors: the increase in gross profit as a result of decrease in depreciation from plant and machinery; the decrease in finance costs; and the increase in fair values of investment properties.