The board of directors of Yincheng International Holding Co., Ltd. announced that, based on a preliminary review of the latest available unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the Group is expected to record (i) a significant increase of approximately 500% in profit; and (ii) a significant increase of approximately 1,400% in profit attributable to owners of the Company for the six months ended 30 June 2020 as compared to those for the corresponding period in 2019.