China Titans Energy Technology Group Co., Limited informed the shareholders of the Company and potential investors that based on its preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 December 2019 and information currently available to the Board, it is expected that the Group would record an increase in loss attributable to the shareholders of the Company of approximately RMB 43 million to RMB 49 million for the year ended 31 December 2019 as compared to the loss attributable to the shareholders of the Company of approximately RMB 40.17 million for the year ended 31 December 2018. The increase in expected loss for the year is mainly due to fair value loss on financial asset at fair value through profit or loss and impairment losses on loan receivables.