China Binary New Fintech Group provided earning guidance for the three months ended 31 March 2020. For the period, the Group is expected to reach a loss of approximately RMB 17,000,000 for the three months ended 31 March 2020. The increase in loss was mainly due to the impact of the novel coronavirus, which caused a delay in launch of certain projects based on their original timetable, leading to delay in revenue recognition, and together with the increase in selling and distribution expense and administrative expense during the period, leading to a significant increase in losses during the period as compared to that for the same period last year.