Changyou Alliance Group Limited provided earnings guidance for the six months ended June 30, 2021. Based on the preliminary assessment by the Group's management and the unaudited consolidated management accounts of the Group for the six months ended 30 June 2021, the board (the "Board") of directors (the "Directors") of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that the Group expects to record an increase in its net loss for the six months ended 30 June 2021 by over 100% as compared to that for the six months ended 30 June 2020 of approximately RMB 24 million.