The board of directors of Shanghai International Shanghai Growth Investment Limited announced that, based on current information available, the Board's preliminary assessment is that the Company is expected to record an unaudited net loss of approximately USD 0.3 million for the six months ended 30 June 2021 as compared to an unaudited net profit of approximately USD 0.06 million for the corresponding period in 2020. Such expected net losses are mainly attributable to net valuation losses in fair value of listed securities investments. Due to the Company's business nature as an investment company, it is usual for the Company's investments to record fair value change under different market conditions. The Company considers these changes could be temporary due to fluctuation in market prices and do not necessarily represent the final outcome when the investments are disposed.