The Board of Changsha Broad Homes Industrial Group Co., Ltd. announced that, based on the preliminary assessment made by the management of the Company on the unaudited consolidated management accounts of the Group (the "Management Accounts") for the six months ended June 30, 2020 (the "Period") and the information currently available to the Group, the Group is expected to record a loss of approximately RMB 10 million to RMB 35 million for the Period. The reasons for which the Group would have recorded a loss for the Period have been disclosed in the Announcement.