The board of directors of the Chanjet Information Technology Company Limited informed the company's shareholders and potential investors that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group, it is expected that the Group will record an increase in revenue of 7% to 15% for the three months ended 31 March 2021 (the "First Quarter of 2021"), as compared to that of the same period in 2020, while the Group will record a loss in the First Quarter of 2021, with net loss attributable to the shareholders of the parent ranging from RMB 35.00 million to RMB 45.00 million, as compared to net profit attributable to the shareholders of the parent of approximately RMB 19.04 million for the same period of 2020. The Board considers that the main reasons for the expected loss of the Group for the First Quarter of 2021 are that: the Group has strategically dedicated more resources in its cloud service business, expanded the size of research and development and sales personnel and increased expenses in sales and marketing, the revenue from the cloud service business is expected to increase significantly; meanwhile, the Group strategically downsized its software business, with revenue from the software business ranging from RMB 11.00 million to RMB 15.00 million as compared to RMB 58.73 million for the same period last year, representing a decrease by approximately 74% to 81%.