The board of directors of Duiba Group Limited provided its shareholders and potential investors with information in relation to the business developments of the Company in 2019. For the year ended 31 December 2019, the number of newly signed contracts (including renewed contracts) for the Group's user management SaaS business reached 649 (2018: 378). The total value of the newly signed contracts (including renewed contracts) was approximately RMB 43.4 million (2018: approximately RMB 9.8 million). Among the ten contracts with the highest contract value, the customers of eight contracts were banking customers, the customer of one contract was retail customer and the customer of one contract was the Organizing Committee for the 19th Asian Games in 2022 (the Asian Games Organizing Committee). In the second half of 2019, the Group and the Asian Games Organizing Committee entered into an agreement for the planning and implementation of the theme activity of Empowering the Asian Games; striving to be a Torchbearer, pursuant to which the Group provides comprehensive user management SaaS services to the Asian Games Organizing Committee for a term of one year to help the Asian Games Organizing Committee improve its user activity and marketing communication. In view of the accumulated experience and technical advantages of the Group in the user management SaaS field, the Board is confident in the long-term prospects of the user management SaaS business of the Group.