The board of directors of Maoyan Entertainment provided preliminary review of the unaudited consolidated management accounts of the Group for the six months ended June 30, 2019, it is expected that the Group will record a turnaround from loss to profit and the profit will increase compared with the corresponding period in 2018 due to the decrease of marketing and promotion expenses. As the Company is still in the process of finalizing the Group' s interim financial results for the six months ended June 30, 2019, the information contained in this announcement is only based on a preliminary assessment by the Board with reference to the latest information available, which is not based on any figures or information as audited or reviewed by the Company' s auditors or the audit committee of the Company, thus may be subject to further adjustments. Shareholders and potential investors are advised to peruse the interim financial results for the six months ended June 30, 2019.