The board of directors of Jiyi Holdings Limited informed the shareholders of the company and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 and information currently available to the Board, the Group is expected to record a net loss attributable to shareholders of not less than RMB 20 million, as compared to a net profit attributable to Shareholders of approximately RMB 13.1 million for the year ended 31 December 2019.