Yueyang Forest & Paper Co., Ltd. announced that according to preliminary statistics of its financial department, the Company predicts that it will turn loss into gains in its net profit belonging to shareholders of the listed company in the first quarter of 2020 compared with the same period of the year before, with the net profit belonging to shareholders of the company to be between RMB 80 million and RMB 96 million. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about between RMB 68 million and RMB 84 million.