Global Industrial Valve Market Procurement Intelligence Report with Global Impact Analysis Forecast COVID-19, 2020-2024

The global commercial valve market will delight in an additional expense of approximately $16 billion, with an annual compound rate of 4. 04% during the five-year forecast period. A strategic technique aimed at the global source of commercial valves can open up several opportunities for buyers. it also gives rise to the market influencing new opportunities created as a result of the COVID-19 pandemic. Ask for examples of single pages.

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Information on the latest trends and data on the source chain market Knowledge Center on the effect on COVID-19 assessment

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BEIJING, September 29, 2020 / PRNewswire / – Sohu. com Limited (NASDAQ: SOHU) (“Sohu” or “Company”), China’s leading online gaming, studio, video and media group, today announced that its subsidiary Sogou Inc. ( NYSE: SOGO) (“Sogou”) has entered into a final agreement and merger plan (the “merger contract”) with THL A21 Limited (“THL”), TitanSupernova Limited (“matrix”) and Tencent Mobility Limited (“TML”) (THL, TML, collectively, the “Tencent Parties”), each of which is a wholly or indirectly owned subsidiary of Tencent Holdings Limited (“Tencent”), under which to merge with and in Sogou in a completely monetary transaction (the “Fusion”) Array and Sogou will be a wholly indirect subsidiary of Tencent.

The Company also announced that, around the time Sogou entered into the merger agreement, the Company, which lately is the oblique majority consistent with Sogou’s percentage shareholder through its wholly owned subsidiary Sohu. com (Search) Limited (“Sohu Search”), and Sohu Search has entered into a percentage purchase agreement consistent with the parent (the “Share Purchase Agreement”), under which Sohu Search has agreed to sell all of Class A, which does not is unusual according to Sogou’s percentages. ‘. ) and Sogou Class B non-unusual consistent with percentages held through the parent company (the “acquisition consistent with percentage”) at an acquisition value of $ 9. 00 consistent with consistent percentage, which is equivalent to consistent merger care with consistent percentage (as explained below) under the merger agreement. If the consistent percentage acquisition is completed, Sohu Search will get a general attention of about $ 1. 18 ion cash ticket, and Sohu will no longer have any rights of property cash in Sogou.

As soon as the Merger enters into force, Sogou’s Class A Ordinary Shares in circulation, adding sogou’s Class A Ordinary Shares represented through a US custodian. But it’s not the first time Consistent with percentages (“Sogou ADS”), other than Excluded Shares (as explained in the Merger Agreement), being canceled for the right of its holders to obtain $9. 00 in class A money is not unusual consistent with the percentage of Sogou or Sogou

The focus of the merger represents a premium of approximately 56. 5% over the final value of Sogou ADS on 24 July 2020, the last trading day before Sogou announced receipt of a proposal to “close” Tencent and a premium of 83. 0% on weighted volume. average value during the last 30 days of trading before Sogou receives the “private sale” proposal.

Lately the merger is expected to close in the fourth quarter of 2020 and the acquisition of shares is expected to close in a time before the final touch of the merger.

If completed, the Purchase and Merger of Shares will result in Sogou adapting to a 100 percent personal subsidiary of Tencent, Sogou ADS will no longer be indexed on the New York Stock Exchange and the Sogou ADS program will be cancelled.

China Renaissance, its subsidiary China Renaissance Securities (Hong Kong) Limited, acts as Sohu’s monetary advisor; Goulston

Goldman Sachs (Asia) L. L. C. acts as monetary adviser to the Tencent Parties; Davis Polk

Additional on fusion

The Company will provide the U. S. Securities and Exchange Commission (the “SEC”) with an existing report on Form 6-K related to the acquisition of percentages and the merger, which will be attached to the percentage acquisition agreement and merger agreement. All parties looking for main points related to percentage acquisition and merger are invited to view those documents, which will be available on the SEC’s online page (http://www. sec. gov).

In connection with the Merger, Sogou, in combination with the Tencent Parties, the Company and Sohu Search, will prepare and register with the SEC, and Sogou will send Sogou Class A Ordinary Shares holders and SogouArray ADS holders an Annex 13E -3 Transaction Statement (Annex 13E-3″). Sohu investors and other interested persons, as well as Sogou Class A Ordinary Shares holders and Sogou ADS holders, shall download such documents, as well as other documents containing data on Sogou, Sohu, Merger, Stock Purchase and Similar Matters, loss of fee on the SEC’s (http://www. sec. gov) online page or in the SEC Public Reference Room at One Hundred F Street, NEArray Room 1580, Washington, DC 20549.

Safe Harbor Statement

This announcement includes statements that constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Actual effects may differ materially from those discussed in those forward-looking statements due to dangers and uncertainties, adding the option that the Inventory acquisition and the merger does not occur as expected if occasions occur and result in the termination of the inventory acquisition contract and / or the merger agreement, or if one or more of the final situations for the inventory acquisition and / or the merger is not fulfilled or abandoned, and other dangers and uncertainties related to the inventory acquisition agreement and the inventory acquisition, and the merger and merger agreement, which will be discussed in Exhibit 13E-3 to be filed with the SEC .

About Sohu. com Limited

Sohu. com Limited (NASDAQ: SOHU) is China’s leading online logo indispensable for the lives of millions of Chinese, offering a network of Internet homes and community products/Web 2. 0 that offer Sohu’s vast community of users a wide variety of information. , entertainment and communication options. Sohu has built one of the most comprehensive arrays of Chinese Internet homes and patented search engines, adding the mass portal and leading online media destination www. sohu. com; interactive search engine www. sogou. com; Online game developer and operator www. changyou. com/en/ and online video site tv. sohu. com.

Sohu’s corporate facilities consist of an online logo that is advertised in Sohu’s online page array, as well as an auction list and homepage in its internal directory and search engine. Sohu also provides a number of news and data services on cellular platforms, adding Sohu News and the mobile news portal m. sohu. com. Changyou, a subsidiary of Sohu’s online gaming, develops and operates a diversified portfolio of PC and cellular games, such as Tian Long Ba Bu (“TLBB”), one of the most popular PC Games in China. Changyou also owns and operates the online page 17173. com, a gaming data portal in China. Sohu’s online search subsidiary, Sogou (NYSE: SOGO), has the largest mobile question search engine of the moment in China. and operates Sogou Input Method, the largest Chinese language access software. Sohu, founded through Dr. Charles Zhang, one of China’s Internet pioneers, is in its twenty-fourth year of operation.

For investor and media inquiries, please contact:

In China:

In the United States:

Related links:

https://www. sohu. com/

BEIJING, September 29, 2020 / PRNewswire / – Sogou Inc. (NYSE: SOGO) (“Sogou” or “Company”), a studio innovator and Internet industry leader in China, today announced that it has signed a final agreement and a plan merger (the “Merger Agreement”) with THL A21 Limited (“THL”), TitanSupernova Limited (“Matrix”) and Tencent Mobility Limited (“TML”) (THL, Matrix and TML, collectively, the “Tencent Parties”), each of which is a wholly or indirectly owned subsidiary of Tencent Holdings Limited (“Tencent”), according to which the parent company will merge with and in the Company in a fully monetary transaction (the “Merger”), and the Company an indirect wholly owned subsidiary of Tencent Holdings Limited (“Tencent”), under which the parent company will merge with the Company in a totally monetary transaction (the “Merger”) , and the Company shall be an indirect wholly owned subsidiary of Tencent Holdings Limited (“Tencent”), under which the parent company will merge with and in the company

When the Merger came into effect, Class A is not unusual in line with the Company’s notable percentages (each a “unusual Class A consistent with percentage”), adding the non-unusual Class A consistent with the percentages represented through a U. S. custodian consistent with the percentages (“ADS”), except excluded consistent with percentages (as explained in the merger agreement) and ADS that represent excluded , will be terminated in exchange for the right of their holders to obtain $9. 00 in money consistent with consistent with percentage or merger ADS”).

Also in accordance with the Merger Agreement, each noticeable and fully granted option (each, an “option granted”) to acquire non-unusual Class A shares will be canceled with the merger access in force in exchange for the holder’s right to obtain an amount of money we decide by multiplying (x) the excess, if any, of $ 9. 00 over the applicable compensation value of that option purchased through (y) the number of elegant non-unusual shares A underlying this option purchased. Each notable option to acquire non-unusual Class A shares that you have not acquired (each, an “uninvested option”) will be canceled simultaneously with the effective date of the merger in exchange for the holder’s right to obtain a limited monetary reward ( “RCA”) In an amount of money that is equivalent to the income of (i) the excess, if any, of $ 9. 00 over the applicable compensation value of that option not awarded, and (ii) the amount of Class A ordinary shares underlying this option The outstanding Restricted Shares (as explained in the Merger Agreement), adding the Restricted Shares represented through ADS, will be canceled simultaneously with the effective access of the Merger in exchange for the right of the holder to obtain an RCA of ” an amount of $ 9. 00 in cash in accordance with the Restricted Share. The RCs thus issued will continue to be subject to the same consolidation situations as those applicable to uninvested assets and the corresponding limited shares.

The focus of the merger represents a premium of approximately 56. 5% over the final value of ADS on July 24, 2020, the last trading day before the company’s announcement that it received a proposal to “close the company” from Tencent, and a premium. 83. 0% on volume-weighted average value in the last 30 business days before the Company receives the “close” proposal.

The Board of Directors of the Company (the “Council”), acting with the unanimous board of a committee of independent and selfless administrators established through the Board (the “Special Committee”), approved the merger and merger agreement. The special committee negotiated the terms of the merger agreement with its monetary and legal advisers.

At the time the company entered into the merger agreement, Sohu. com Limited (“Sohu”) (NASDAQ: SOHU), which is lately the company’s indirect majority shareholder through Sohu’s wholly owned subsidiary, Sohu. com (Research) Limited (“Sohu Search” and Sohu Search confined a percentage acquisition agreement with the parent company, under which Sohu Search agreed to sell all non-unusual Class A percentages and non-unusual Class B percentages of Company (a “Class B Common Action”) owned through the parent company (the “acquisition of percentages”). Also at the same time or around the same time, THL and the parent company entered into a contribution agreement under which THL agreed to contribute all the elegance B non-unusual percentages of the company is maintained through THL to the parent company (“the percentage contribution”) Each of the final percentages acquired and the final contribution percentages are expected to take position in a time before the merger is completed.

Following the final touch of the acquisition of shares and the contribution of shares, the parent company will maintain at least 90% of the voting rights represented through all the shares issued and highlighted by the company, so the merger is expected to take a position in the form of an abbreviated merger of the parent company with and in the company in accordance with Section 233 (7) of the Corporations Act of the Cayman Islands and shareholder approval of the merger agreement. and fusion will be necessary.

Lately the merger is expected to close in the fourth quarter of 2020 and, if completed, the merger will result in the company becoming a wholly owned private subsidiary of Tencent, the company’s ADSs will no longer be indexed on the New York Stock Exchange, and the ADS program will end.

Worthless

The validity of the merger and certain other legal problems related to the law of the alligator islands are being transmitted and begged for the corporation through Conyers Dill.

Goldman Sachs (Asia) L. L. C. es monetary adviser to Tencent and Davis Polk parties

The validity of the Merger and other legal issues related to Cayman Islands law are being transmitted and requested from Tencent Parties through Walkers, Hong Kong.

Additional information on mergers

The Company will provide the U. S. Securities and Exchange Commission with a solution to the U. S. Securities and Exchange Commission. U. S. (The “SEC”) an updated 6-K form related to the merger, which will be attached as an annex to the merger agreement. Merge is encouraged to view those documents, which will be available on the SEC’s online page (http://www. sec. gov).

As a component of the Merger, the Company will prepare, register with the SEC and mail a 13E-3 Transaction Statement (Annex 13E-3) to the Company’s shareholders and ADB holders. Schedule 13E-3 will be registered with the SEC, and the Company’s existing shareholders to read Appendix 13E-3 and other documents thoroughly and in full as available, as they will involve vital data about the Company, The Merger and similar matters. shareholders may also download such documents, as well as other documents involving data on the Company, Merger and similar matters, loose rate on the SEC’s online page (http:////www. sec. gov) or in the SEC Public Reference Room at One Hundred F Street, NE, Room 1580, Washington, DC 20549.

Safe Harbor Statement

This announcement includes statements that constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Actual effects may differ materially from those discussed in such forward-looking statements due to dangers and uncertainties, adding the option that the merger will not occur as expected if occasions occur and result in termination of the merger agreement , or if one or more of the final situations of the merger are not met or are not met. Agreement and other hazards and uncertainties related to the merger and merger agreement to be discussed in Annex 13E-3 to be submitted to the SEC.

About Sogou

Sogou Inc. (NYSE: SOGO) is a studio innovator and leader in the Internet industry in China. With a project to facilitate communication and information, Sogou has the largest cellular question search engine of the moment and the fourth largest Internet company through MAU in China. Sogou offers a wide variety of cutting-edge products and services, adding the Sogou input method, which is the largest Chinese entry software for cell phones and PCs. Sogou is also at the forefront of AI progression and has made significant progress in voice. and symbol technologies, device translation and Q&A technologies, which have been effectively incorporated into our products and services.

For investor requests, please contact:

Jessie ZhengSogou Investor Relations El: 86 10 5689 8068 Email: [email protected]

For media requests, please contact:

Serena LiuSogou Public Relations Tel: 86 10 5689 9999 (61958) Email: [email protected]

Related links:

http://www. sogou. com

JINJIANG, China, Sept. 29, 2020 / PRNewswire / – China Ceramics Co. , Ltd. (NASDAQ Capital Market: CCCL) (“China Ceramics” or “Company”), one of China’s leading ceramic tile brands used for exterior cladding and interior flooring and residential and advertising building design, announced its monetary effects for the six months ended June 30, 2020.

First half of 2020 round-up

Ms. Meishuang Huang, executive director of China Ceramics, said: “For the first part of 2020, the effect of the COVID-19 pandemic epidemic had a significant negative effect on the ordering of our products, as our production was temporarily The COVID-19 pandemic has stopped and our logistical purposes were not fully operational in some spaces, as those regions remained closed until April. The COVID-19 pandemic has resulted in a large number of purchase order cancellations and particularly reduced our sales, as our consumers have withheld their acquisitions pending the resumption of overall economic activity. “

Due to the COVID-19 pandemic, during the six months ending June 30, 2020, we used production facilities capable of generating only 2. 6 million square meters of ceramic tiles in line with the year of an effective total annual production capacity of 51. 6 million square meters of ceramics This is consistent with our practices in previous quarters , as we are an appropriate point of the production capacity of the plant based on market conditions.

“We remain focused on diversifying our operational functions to drive our growth. While participating in our core business, we have formed two new subsidiaries in the high-tech sector. Chengdu Future provides control and business consulting and has already contributed to the first- partial sales. 2020. Antelope Holdings (Chengdu), Co. , Ltd. , provides financial technology responses, such as the development of blockchain software, and after the end of the six-month period, has signed 3 contracts that we will make a contribution to profits at the time of 2020. “

In the long term, we believe that our fabric sector for construction will continue to benefit from the expansion of the genuine real estate sector due to sustained urbanization, the consolidation of giant genuine real estate developers and the modernization of the existing housing stock. We, who the central government of the People’s Republic of China will take steps to help economic expansion and that the repressed customer is asking for residential housing as a result of the slowdown during the ERA of the COVID-19 blockade in China, will in the end gain advantages from our construction fabric sector. Huang concluded.

Results for the six months ended June 30, 2020

Revenues for the six months ended June 30, 2020 were RMB39. 8 million ($ 5. 6 million), 77. 6% less than RMB177. 4 million ($ 26. 2 million) for the same era in 2019. (i) the 73. 4% minimization in our sales volume to 1. 8 million square meters of ceramic tiles for the six months of 2020 compared to 6. 6 million square meters of ceramic tiles for the same time in 2019. our products due to the COVID-19 pandemic Our average promotion value was minimized by 15. 8% to RMB22. 6 (US $ 3. 19) for the six months of 2020 compared to RMB26. 8 (US $ 3. 95) for the same to complicated market situations and the maintenance deduction of 15% instituted in October 2019.

Gross profit for the six months ended June 30, 2020 RMB 0. 9 million (US$0. 1 million), compared to a gross profit of RMB 15. 3 million (US$2. 3 million) for the same era in 2019. compared to 8. 6% for the same time in 2019 Minimization in gross profit margin for the six months ended June 30, 2020 due to a 73. 4% minimisation in sales volume and a 15. 8% minimisation in the average promotional price.

Other revenue for the six months ended June 30, 2020 was RMB 9. 8 million ($1. 4 million), compared to RMB7. 1 million ($1. 1 million) for the comparable era of 2019. won the company through leasing on one of its production lines from its Hengdali plant under an eight-year lease. In addition, we generated RMB2. 4 million ($0. 3 million) in generation consulting revenue from our newly incorporated subsidiary, Chengdu Future Talented Management and Consulting Co, Ltd. , in the six months ended June 30, 2020.

The selling and distribution costs for the six months ended June 30, 2020 were RMB5. 2 million (US$0. 7 million), below the RMB5. 7 million (US$0. 8 million) of the comparable 2019 era. RMB0. 1 million wage expenses and a minimum in RMB0. 2 million advertising expenses.

Administration expenses for the six months ended June 30, 2020 were RMB14. 7 million (US$2. 1 million), compared to RMB15. 9 million (US$2. 3 million) for the same era in 2019. RMB6. 4 million studies and progression expenditures, which was partially made up for by an increase in administrative prices attributable to RMB3. 5 million’s new subsidiaries, an increase in payments related to the RMB audit in the consulting payment of Y 0. 8 million, an increase in legal prices of Y 0. 5 million, and an increase in other various expenses of Y 0. 2 million.

The insolvency rate for the six months ended June 30, 2020 was RMB 101. 8 million (US$14. 4 million), compared to an insolvency rate of RMB 193. 9 million (US$28. 6 million) for the same time in 2019. for an expected loss of credit loss of our monetary assets, mainly receivables, which are subject to impairment under IFRS 9, Financial Instruments. We who have taken appropriate steps to pay our insolvency fees. We will continue to review the quality créditos. de each of our customers and assiduously check the balances of their receivables in each of the next fiscal years.

Other expenses for the six months ended June 30, 2020 were zero RMB (NO USD), compared to RMB9,000 (US$1330) for the same time in 2019. for the six months ended June 30, 2020.

Net loss for the six months ended June 30, 2020 RMB111. 5 million (US $ 15. 8 million), compared to a net loss of RMB193. 2 million (US $ 28. 5 million) for the same era in 2019. due to minimizing bad debts, which are partially offset by a minimization of gross margin for the six months ended June 30, 2020.

The fundamental loss consistent with fundamental consistent with percentage and fully diluted consistent with percentage for the six months ended June 30, 2020 RMB40. 82 ($5. 77), compared to the fundamental and fully diluted loss consistent with consistent with percentage of RMB96. 69 (US$14. 25) for the same period in 2019, with those figures presented retroactively for the mix of 3 : 1 consistent with percentage as of September 3, 2020.

Statements of safe elements of the monetary scenario for the semester ended June 30, 2020

Liquidity and capital resources

The cash flow of operating activities amounted to RMB 1. 3 million (US$0. 2 million) for the six months ended June 30, 2020, compared to the money generated through RMB’s operating activities 9. 8 million (US$1. 4 million) at the same time in 2019. the minimisation of money intries was mainly due to the minimisation of the flow of operating money prior to adjustments to RMB7. 1 million and a minimisation of money ins and expenses payable and other RMB1. 4 million creditors.

The cash of investment activities amounted to RMB2. 8 million ($0. 4 million) during the six months ended June 30, 2020, compared to the money generated through RMB’s investment activities of 1. 7 million ($0. 3 million) for the same time in 2019. The increase in monetary income was mainly due to a minimisation of limited liquidity.

Cash flow from financing activities amounted to RMB1. 3 million ($0. 2 million) for the six months ended June 30, 2020, compared to the flow of money used in RMB11. 0 million ($1. 6 million) financing activities at the same time in 2019. During the six months ended June 30, 2020, we generated an influx of money from the issuance of RMB 8. 1 million in equity and obtained a similar advance of RMB 7. 8 million, which was partially made up for by the payment of RMB 14. 6 million lease debts.

Capital and plant expenditure update

We used a factory capacity capable of generating 2. 6 million square meters of ceramic tiles for the six months completed on June 30, 2020 compared to the six months ended June 30, 2019, when we used production facilities capable of generating 6. 0 million square meters. Our reduced production use in the existing era was due to points related to the COVID-19 pandemic.

Our Hengda plant has an annual production capacity of 22. 8 million meters of ceramic tiles, the company used the production capacity of our Hengda plant, capable of generating 1. 3 million meters of ceramic tiles for the six months ended June 30, 2020.

Our Hengdali plant has an annual production capacity of 28. 8 million meters (excluding our lease of 10 million meters of production capacity to a third party). We use the production capacity of our Hengdali plant, capable of generating 1. 3 million meters of ceramic tiles for the six months ended June 30, 2020.

We intend to bring our unused production capacity to satisfy visitors’ calls and when there are signs of improvement in the real estate sectors and genuine structures in China.

We review the point of capital expenditures during the year and make changes based on market situations. While business situations are an issue to change, we expect a modest point of capital expenditure for the remainder of 2020, in addition to those related to minimal upgrades, small maintenance, and appliance maintenance.

Business perspective

As detailed in the previous discussion, the company’s operational effects were seriously affected by the COVID-19 pandemic. Our drop in income for the six months ended June 30, 2020 was due to the outbreak of the COVID-19 pandemic, which caused an economic crisis. slowdown across the country, mainly in the production and real estate sectors. The pandemic disrupted chains of origin and affected production and sales in a variety of industries in China due to quarantines, facility closures and logistical restrictions, and similar public fitness orders. The COVID-19 pandemic resulted in a higher number of purchase order cancellations, as our consumers withs withs retained their acquisitions to complete the resumption of general purchases. economic activity; Our sales did not begin to grow slowly until the end of the six-month era ending June 30, 2020.

Going forward, while China’s real estate market has remained resilient over time, points such as the slowdown in the domestic economy, relatively giant credit debt, lower rental costs in some cities, and government regulations imaginable to curb rising asset costs after the pandemic can potentially restrict the progression of new projects. There has also been excessive progress that has led to a higher stock of homes in some third- and fourth-tier cities that have to operate through sales channels. Structure and fabric sectors remain a challenge.

However, we think that, in the long term, real estate and genuine structure sectors will continue to grow and that their underlying foundations, which come with sustained urbanization, the consolidation of giant genuine real estate developers, and the modernization of the existing housing stock, remain the main drivers of In addition to marketing our products nationally, we plan to continue our expansion efforts outside China and enter ceramic tile markets in Southeast Asia to capitalize on their new structural structure.

We remain focused on diversifying our operational functions to drive our growth. While we are committed to our core business, we have formed two new subsidiaries in the high-tech sector. Chengdu Future Talented Management and Consulting Co, Ltd. provides IT server consulting, online challenge solving facilities to host IT systems and Internet connectivity, and global support. Although this subsidiary has so far contributed to modest sales by 2020, we believe that business control and consulting are a rapidly growing sector. In addition, we have shaped Antelope Holdings (Chengdu), Co. , Ltd. , which provides financial technology responses such as blockchain software development. Once the existing six-month period has ended, this entity has signed 3 contracts, all of which have been publicly announced, and of which we will be The expectation will make a contribution to the profits at the time of 2020.

These business perspectives reflect the Company’s initial and existing views, and are based on the data we currently hold, which are subject to possible replacements and subject to dangers and uncertainties, as well as known hazards and uncertainties in the Company’s public documents.

Subsequent event

On September 3, 2020, the company completed an opposite one-to-three inventory division to meet the minimum bid value requirement of $1. 00 consistent with the consistent percentage for continuous directory in the inventory market. Nasdaq. From the final bid for the company’s non-unusual inventory of $1. 00 consistent with a consistent percentage or more for 10 consecutive business days, from September 3, 2020 through September 18, 2020, the Nasdaq Stock Exchange board rating branch informed the company that it had regained compliance. Rule 5550(a) (2) of the Nasdaq list.

Conference information

We’ll make a call from the convention at 8:00 a. m. ET on September 29, 2020. Listeners can access the call by dialing 1 (877) 275-8968 five to ten minutes before the scheduled convention call time. dial 1 (706) 643-1666. The convention participant’s access code is 5293751. A repeat of the convention call will be held for 14 days from 11:00 a. m. ET September 29, 2020. To access the replay, call 1 (855) 859-2056. People calling internationally must dial 1 (404) 537-3406. The access code is 5293751 to play.

About China Ceramics Co. , Ltd.

China Ceramics Co. , Ltd. es one of the leading ceramic tile brands in China. The company’s ceramic tiles are used for external coatings, interior floors and design in residential and advertising buildings. China Ceramics products, sold under the brands ‘Hengda’ or ‘HD’, ‘Hengdali’ or ‘HDL’, ‘TOERTO’ and ‘WULIQIAO’ and ‘Tang Dynasty Pottery Capital’, are available in more than 2000 combinations of styles, colors and sizes and are distributed through a network of exclusive suppliers, as well as directly to genuine primary real estate developers. Its newly created subsidiary, Chengdu Future Talented Management and Consulting Co, Ltd. , provides commercial control and consulting. A newly created additional subsidiary, Antelope Holdings (Chengdu), Co. , Ltd. , provides financial technology responses that come with blockchain software development. For more information, visit http://www. cceramics. com.

Practical currency translation

The company’s monetary data is expressed in renminbi (“RMB”). Translations of RMB amounts in U. S. dollars (“USD”) of these earnings are intended solely for readers’ convenience and were calculated at a rate of 1. 00 USD – RMB 7 0651 for balance sheet accounts at the balance sheet date, United States $ 1. 00 – RMB7,0703 for P accounts

Safe Harbor Statement

Some of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Stock Exchange Act of 1934, as your modifications. Forward-looking statements come with statements about our beliefs, plans, objectives, goals, expectations, expectations, assumptions, estimates, intentions and long-term performance, and involve known and unknown risks, uncertainties and other factors, which would possibly be beyond our control. . Array and that would possibly cause the Company’s genuine results, performance, capital, ownership or achievements to differ materially from the long-term results, performances or achievements expressed or implied through such forward-looking statements. The forward-looking statements in this press release come with, but are not limited to, the maintenance of a strong macroeconomic environment in the PRC, the PRC genuine goods sectors and structures that continue to show strong long-term fundamentals. , our ability to bring more capacity online in the long term as our business improves, our consumers continue to adapt to the increases in value of our products, our ability to maintain our promotional value increases averages and continues to grow in volume in the coming quarters, and therefore our improved marketing efforts will help produce greater acceptance of the new value through targeted consumers. All statements that are not statements of old fact are statements that may be forward-looking statements. You can identify those forward-looking statements through words such as “possibly”, “will be”, “anticipate”, “assume”, “should”, “indicate”, “would think”, “consider”, “be waiting” Array “estimate “,” continue “,” plan “,” point to “,” plan “,” possibly “,” pretend “,” goal “and other similar words and long-term words.

All written or oral forward-looking statements attributed to us are expressly characterized in their entirety through this warning, adding, but not limited to, the dangers and uncertainties described in our Annual Report on Form 20-F for the year ended December 31, 2019. and in a different way in our reports and submissions to the SEC. These reports must be obtained at the request of the Company or the Securities and Exchange Commission, by adding on the SEC’s online page at http://www. sec. gov. legal liability and not to take any legal responsibility to update, revise or correct forward-looking statements after the date of the statement or beyond the respective dates on which such statements are made.

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