The board of directors of the Zhuhai Holdings Investment Group Limited provided that the Company and potential investors that based on the currently available financial information, the Group is anticipated to record a loss for the period, exceeding approximately RMB 40 million for the six months ended 30 June 2020 as compared to a profit for the period of approximately RMB 31 million for the six months ended 30 June 2019. The Company expects that there is a decrease in the revenue of the Company for the Current Period, primarily due to the significant decrease in transaction volume of fuel oil trading and distribution, which decreased the revenue of the public utilities and financial investments business of the Group. The Company also expects that there is a significant decrease in profitability for the Current Period to record the Net Loss, primarily due to significant decreases in segment results in (i) the Jiuzhou Blue Sea Jet and Blue Marine Tourism business as a result of suspension or reduction in the frequency of its ferry services in Hong Kong and Zhuhai, following the Hong Kong and Zhuhai governments' measures to tackle the Coronavirus Disease 2019 ("COVID-19"), (ii) the hotel business of the Group as a result of reduction in the number of tourists and local customers due to COVID-19 and (iii) the public utilities and financial investments business of the Group due to reduction in traffic and therefore reduction in market demand for fuel oil, despite substantial revenue and segment results recognized from the property development business of the Group as a result of the increase in number of property units delivered to buyers in the Zhuhai Cuihu Xiangshan High-end Tourism Real Estate Project.