The board of directors of the YuanShengTai Dairy Farm Limited informed the shareholders of the Company and potential investors that, based on the Board's preliminary review of the latest unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and the information currently available to the Board, the Group is expected to record a net profit of approximately RMB 100.0 million to RMB 130.0 million for the Period, representing an increase of 195.9% to 284.6% as compared with the net profit of approximately RMB 33.8 million for the six months ended 30 June 2019.