The board of directors of the Baofeng Modern International Holdings Company Limited informed the shareholders and potential investors of the company that based on preliminary assessment of the Group’s unaudited management accounts for the six months ended 30 June 2019, the sales of the Group for the Reporting Period amounted to approximately RMB 99.9 million, representing a slightly decrease of approximately 1.7% when compared to the amount of approximately RMB 101.7 million for the corresponding period in 2018.