China Glass Holdings Limited provided earnings guidance for the six months ended 30 June 2020. The Group expects to record a loss of not less than RMB 250 million for the six months ended 30 June 2020, as compared to a net profit of approximately RMB 50.14 million recorded for the corresponding period in 2019. The loss recorded by the Group for the six months ended 30 June 2020 was mainly attributable to the combined effects of, among others, (i) a net gain amounting to approximately RMB 194 million during the corresponding period in 2019 was from the government compensation for relocation of production plants and no such event happened during the six months ended 30 June 2020; and (ii) the amount of impairment losses recognised on the Group's trade and other receivables increased to approximately RMB 115 million as compared to RMB 4 million for the corresponding period in 2019, which was mainly due to the outbreak of the novel coronavirus ("COVID-19") that affected the repayment abilities of the Group's debtors. Except for the above-mentioned impacts, the Group's business operations continued to run steadily, and both sales volume and gross profit for the six months ended 30 June 2020 increased as compared to the corresponding period in 2019. The Board believes that the impact caused by the outbreak of the COVID-19 could be temporarily and the Group will grasp opportunities to grow in the second half year of 2020.