The board (the "Board") of directors (the "Director(s)") of the Overseas Chinese Town (Asia) Holdings Limited informed the shareholders of the Company and potential investors that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group and the information currently available to the Board, compared with the profit attributable to equity holders of the Company of approximately RMB 63.8 million for the year ended 31 December 2020, the Group expects to record a loss attributable to equity holders of the Company of not more than RMB 920 million for the year ended 31 December 2021.