Ko Yo Chemical (Group) Limited announced reference is made to the announcement of the Company dated 14 February 2020 in relation to, among other things, the profit warning of the results of the Company for the year ended 31 December 2019 (the "Announcement"). Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those in the Announcement. The Board further informed shareholders and potential investors of the Company that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019, the Group is expected to record a net loss of approximately RMB 617 million for the year ended 31 December 2019, an increase in loss of approximately RMB 269 million as compared to a net loss of approximately RMB 348 million for the year ended 31 December 2018.