Creative China Holdings Limited board of directors announced that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 and the information currently available to the Board, the Company expects to record a profit attributable to the owners of the Company of approximately RMB 27 million for the Year 2020 as compared to a profit attributable to the owners of the Company of approximately RMB 1.6 million for the year ended 31 December 2019. The Board considers that the expected increase in the Group's net profit for the Year 2020 is mainly attributable to (i) transfer of original movie script copyright; (ii) online advertising; (iii) relevant business derived from artist management; and (iv) an improvement in gross profit margin.