The board of directors of the Huan Yue Interactive Holdings Limited to inform the shareholders of the company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group, the profit attributable to the equity shareholders of the Group for the year ended 31 December 2019, is expected to increase by more than 100% as compared to the profit attributable to the equity shareholders of the Group for the year ended 31 December 2018. The improvement in the profitability for the Current Year is mainly attributable to the following reasons: 1) the Group recorded less impairment loss on goodwill of RMB 28.3 million in the Current Year as compared with RMB 109.9 million in the Prior Year; 2) the Group recorded significant decrease in finance income in the Current Year compared to those of the in the Prior Year. The lower finance income was mainly due to a significant decrease of RMB 50.5 million in the change in fair value of contingent consideration receivables and contingent consideration payables.