A8 New Media Group Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the the Company is expected to record an unaudited consolidated net profit for the six months ended 30 June 2020 of not less than RMB 20 million as compared to the loss recorded in the same period in 2019. The change from loss to profit was mainly attributable to 1) The Group's continuous efforts in refining operation management, improving control over operating costs and reducing the negative impact of the COVID-19 pandemic to the Group's building and property operations; 2) Adjusted internal resource allocation, and suspended the projects which are inconsistent with the Group's long term plan; 3) The increase in fair value of financial assets at fair value through profit or loss; and 4) The increase of share of profits and losses of associates.