Hainan Development: Net loss of 3.9362 million yuan in the first quarter, compared to a net loss of 14.5853 million yuan in the same period last year.

Hainan Development Announcement: The revenue for the first quarter was 690 million yuan, a year-on-year decrease of 1.37%; the net loss was 3.9362 million yuan, compared to a net loss of 14.5853 million yuan in the same period last year.