Zhitong Financial APP News, Haitian Yuetong Travel (01832) issued an announcement that the board of directors expects the group to make an operating loss of about US $3 million in the six months ended June 30, 2021, while an operating profit of about US $200000 in the same period in 2020. The above losses have taken into account, among other things, recognized depreciation and amortization expenses (non-cash items) related to the Group's assets of approximately $2.4 million.

The change from profit to loss is mainly due to the following factors: the continuing impact of the COVID-19 epidemic since February 2020 and the implementation of a number of preventive measures (including travel bans, mandatory quarantines and restrictions on business hours) in various countries and regions have led to a sharp drop in demand for leisure travel. Yuetai Hotel in Guam and Fiesta Resort and Spa Saipan are temporarily closed for renovation and upgrading, ready to reopen in the near future as "Crowne Plaza Resort Guam" and "Crown Plaza Resort Saipan" respectively; and some of the Group's high-end tourism retail stores in Saipan and Guam are temporarily closed and the Group temporarily suspends services to Symbian destinations.

Nevertheless, the Board noted that the negative impact of the above factors on the Group's financial performance in the first half of 2021 was mitigated by the temporary closure of the Yuetai Hotel in Guam and Fiesta Resort and Spa Saipan, the suspension of operations of some of the Group's high-end tourism retail stores and destination services, and the implementation of a number of cost-saving measures, resulting in a significant reduction in operating expenses. And the proceeds from the continued operation of Kanoa Resort (designated by the relevant authorities of the Free State of the Northern Mariana Islands (CNMI) to provide guest rooms, facilities and dining services for persons subject to compulsory quarantine upon arrival in Saipan.