Changyou Alliance Group Limited provided group earnings guidance for the six months ended June 30, 2020. For the six months, the group expects to record a decrease in its net loss for six months ended 30 June 2020 of more than 65% as compared to that for the six months ended 30 June 2019 of RMB 77 million. Such expected decrease in the Group's net loss is primarily attributable to, among other things: the recognition of a reversal of impairment losses on financial assets of approximately RMB 23 million because of the repayment of loan receivables during the six months ended 30 June 2020 which were impaired for the year ended 31 December 2019; and a reduction of selling and distribution expenses, administrative expenses and research and development costs as a result of the implementation of cost saving measures by the Group during the six months ended 30 June 2020.