The board of directors of Renrui Human Resources Technology Holdings Limited (the "Board") informed the shareholders that the preliminary review of the Group's unaudited consolidated management accounts for the five months ended 31 May 2020 and the management's estimate based on the information currently available to the Board, the Group expects to record an overall increase in revenue of approximately 20% for the six months ended 30 June 2020 as compared to that for the corresponding period in 2019, and a net profit attributable to the Shareholders of approximately RMB 50.0 million, as compared to the net loss of approximately RMB 229.2 million for the corresponding period in 2019, which was mainly due to the fact that no fair value loss on hybrid financial instruments had been incurred during six months of 2020 following the conversion of preferred shares held by certain pre-IPO investors into ordinary shares of the Company (the "Shares") upon the listing (the "Listing") of the Shares on the Stock Exchange in December 2019.