The board of directors of Nanjing Sinolife United Company Limited announced that, based on a review of the Group's unaudited consolidated management accounts for the year ended 31 December 2020, the revenue of the Group for the year ended 31 December 2020 is expected to decrease by approximately 8% as compared to that for the year ended 31 December 2019. As the Group started to see results from its adjustments in development strategies, the loss of the Group for the year ended 31 December 2020 substantially decreased, as compared to the same period in 2019. The Group is expected to record a loss of approximately RMB 58 million for the year ended 31 December 2020 as compared with a loss of approximately RMB 195 million for the year ended 31 December 2019, representing a decrease in loss of approximately 70%.