The board of directors of Orange Tour Cultural Holding Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2020 and other information currently available to the Board, the Group expects to record a net loss of not more than RMB 4.0 million for the nine months ended 30 September 2020 as compared with a net profit of approximately RMB 9.9 million for the nine months ended 30 September 2019.