Activation Group Holdings Limited provided earnings forecast for year ended December 31, 2020. For the year, the company expects to record a net profit of not more than RMB 26 million as compared to the net profit of approximately RMB 41 million for the year ended December 31, 2019. Based on the relevant information available, the board considers that the decrease in net profit for the year was principally attributable to the combined effect of, amongst others, the cancellation or postponement of the majority of large scale marketing events and exhibitions.