The board of directors of Haichang Ocean Park Holdings Ltd. informed shareholders of the Company and potential investors that, the Group is expected to record a net loss in the range of RMB 1.4 billion to RMB 1.5 billion for the year ended 31 December 2020 (as opposed to a net profit of approximately RMB 31.2 million for the year ended 31 December 2019) due to the decrease in the number of tourists as a result of the continuous impact of the COVID-19 pandemic.