Based on a preliminary assessment by the China Feihe Limited's management on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the Board announced that the Group is expected to record a significant increase of more than 40% in its revenue for the six months ended 30 June 2020 as compared with the six months ended 30 June 2019. The significant increase was mainly attributable to the substantial increase in the sales volume of high-end infant milk formula.