China Oriented International Holdings Limited provided earning guidance for the year ending 31 December 2020. For the period, the Group is expected to record a decrease in net profit of no less than 90% for the year ending 31 December 2020, and may even record a net loss as compared to that for the year ended 31 December 2019. The Board believes the abovementioned change is primarily attributable to the outbreak of the COVID-19, which had led to temporary suspension of provision of driving training services during the year 2020, a decrease in the total number of training hours taken by trainees at schools throughout the year 2020, and a decrease in the average course fees of standard and premium courses for both Large Vehicles and Small Vehicles. The aforesaid are expected to result in a decrease in revenue of the Group for the year ending 31 December 2020 as comparing to the year ended 31 December 2019.