The board of directors of Shenzhen Investment Holdings Bay Area Development Company Limited informed the shareholders of the company and potential investors that based on the management information currently available to the Board and the preliminary review of the latest unaudited management accounts of the Group for the year ended 31 December 2020 (the "year 2020"), it is expected that the Group may record profit attributable to owners of the company of approximately RMB 689 million for the year 2020, representing an increase of approximately 13% as compared to the profit attributable to owners of the company for the year ended 31 December 2019.