The board of directors of Ozner Water International Holding Limited informed the shareholders of the Company and potential investors that, based on a preliminary assessment of the unaudited consolidated management accounts of the Company for the year ended 31 December 2019 and the information currently available to the Company and after taking into account of many factors including the impact of the overall global economic environment and the outbreak of the novel coronavirus disease (COVID-19), it is expected that the Company would record a loss within the range of approximately RMB 600.0 million to RMB 700.0 million for the financial year ended 31 December 2019 as compared to the consolidated net profit of approximately RMB 134.3 million for the financial year ended 31 December 2018.