YTO Express (International) Holdings Limited announced that based on the preliminary review by the Company's management on the unaudited consolidated management accounts of the Group for the five months ended 31 May 2020 and other information currently available to the board of directors of the Company, the Board informed the shareholders of the Company and potential investors that the Group is expected to record an increase in the revenue and a substantial increase in the net profit for the six months ending 30 June 2020 as compared to the corresponding period in 2019. The net profit of the Group for the six months ending 30 June 2020 is expected to increase by about 1,000% as compared to the net profit for the corresponding period in 2019. Such increase is mainly attributable by the following: the demand for health care and medical supplies have increased substantially due to the COVID-19 pandemic in Europe and the United States. Benefiting from the business transaction of its overseas subsidiaries and the business network of its overseas freight forwarder business partners, the Group has secured plenty of business of providing air freight chartering service; although the number of flights has decreased significantly under the COVID-19 pandemic, benefiting from the established and sound business relationship with airlines, the Group was able to secure cargo space to satisfy its customers demand; decline in staff cost and other administrative expenses of the Group due to cost control measures imposed by the Group and the Group's continuous effort in enhancing work efficiency of its staff; the absence of recognition of expenses related to the share awards for the six months ending 30 June 2020; and the general decrease of administrative expenses due to the global outbreak of the COVID-19 pandemic and the subsequent quarantine measures imposed by the governments of various countries as well as travel restrictions.