China Financial Services Holdings Limited provided earnings guidance for the six months ended June 30, 2020. The Board of Directors of the Company wish to advise shareholders and potential investors of the preliminary estimation that the Group may report a 40% to 50% decrease in the net profit of the Group for the six months ending 30 June 2020, as compared with the same period last year. The decrease in net profit for the first half of 2020 is mainly due to the severe disruption caused by Covid-19 to the Group's lending business during this period, including the decrease in revenue and increase in loan provision of the Group.