Best Food Holding Company Limited announced that based on a preliminary review of the unaudited management accounts of the Group for the six months ended June 30, 2020 (the ``Period'') and assessment of the latest information currently available to the Board, the Group is expected to record an approximately 50% decrease in the revenue (excluding revenue from discontinued operations) for the Period as compared to the corresponding period in 2019 and a net loss ranging from approximately RMB 90 million to approximately RMB 120 million for the Period, as compared to the loss attributable to owners of the Company of approximately RMB 20 million for the corresponding period in 2019.