Channel Micron Holdings Company Limited provided group earnings guidance for the fiscal year 2020. The board of directors inform the shareholders of the company and potential investors that based on the preliminary review of the group's latest unaudited consolidated management accounts for fiscal year 2020 and information currently available to the company, the group was able to report a similar revenue for fiscal year 2020. However, due to the decrease in gross profit margin by approximately 4% points; and the increase in listing expenses of approximately RMB 5 million, the Group expects the unaudited consolidated net profit for fiscal year 2020 to decrease by approximately RMB 15 million or 60% as compared to that for the year ended 31 December 2019. Excluding the non-recurring listing expenses, the Group expects to report a reduction in unaudited adjusted net profit for fiscal year 2020 of approximately RMB 10 million or by approximately 28% as compared to that for fiscal year 2019.