Bao Shen Holdings Limited provided preliminary unaudited consolidated earnings guidance for the three months ended 31 March 2020. The Group is expected to record a loss attributable to the owners of the Company for the three months ended 31 March 2020, and such loss is expected to be increased approximately RMB 1.0 million as compared with a loss attributable to the owners of the Company of approximately RMB 0.8 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.