The board of directors of Xinyuan Property Management Service (Cayman) Ltd. Informed the shareholders of the Company and potential investors that, based on the preliminary assessment by the Board with reference to the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 and information currently available, the Group expects to record an increase in its consolidated net profit attributable to equity holders of the parent for the year ended 31 December 2020 by not less than 60% as compared to approximately RMB 81.3 million for the year ended 31 December 2019. Such increase was mainly attributable to strong growth of revenue of the Group during 2020.