The board of directors of BabyTree Group informed shareholders of the company and potential investors that based on the information currently available to the company and the preliminary review of the unaudited consolidated management accounts of the Group for the year ended December 31, 2019, it is expected that the Group will record a larger loss for the six months ended December 31, 2019 as compared to a loss of RMB 98.3 million for the six months ended June 30, 2019.