Bao Shen Holdings Limited provided earnings guidance for the six months ended 30 June 2020. The board of directors of the Company informed the shareholders of the Company and potential investors that based on a preliminary review and analysis of the latest available unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the Group is expected to record a loss attributable to the owners of the Company for the six months ended 30 June 2020, and such loss is expected to be increased by approximately RMB 1.6 million as compared with a loss attributable to the owners of the Company of approximately RMB 0.6 million for the same corresponding period in 2019. The Board believes that the aforesaid increase in the loss attributable to the owners of the Company was mainly attributable to an increase in production costs including but not limited to raw material costs, direct staff costs and manufacturing overhead costs of the Group's products.