The board of directors of Yue Yuen Industrial (Holdings) Limited announced that based on the preliminary review of the unaudited consolidated financial statements of the Group for the six months ended June 30, 2020 (the "Period"), the Group is expected to record an unaudited consolidated loss attributable to owners of the Company of approximately USD 150 million to USD 160 million as compared to the unaudited consolidated profit attributable to owners of the Company of approximately USD 165.9 million for the corresponding six-month period in 2019.