The board of directors of the Bank of Jinzhou Co., Ltd. informed the shareholders and potential investors of the Bank that, based on the information currently available to the Board, the Group is expected to record a net profit of approximately RMB 400 million to RMB 500 million for the six months ended 30 June 2020, compared with a net loss of approximately RMB 868 million for the six months ended 30 June 2019, which is mainly because the impairment losses on assets of the Group for the six months ended 30 June 2020 were lower than that for the six months ended 30 June 2019.