China Parenting Network Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2020. The board of directors of China Parenting Network Holdings Limited informed shareholders and potential investors of the Company that, based on a preliminary review of currently available information which includes, but not limited to, the unaudited consolidated financial statements of the Group for the six months ended 30 June 2020, the Group is expected to record a loss of approximately RMB 20.0 million for the Period (the net profit for the six months ended 30 June 2019: approximately RMB 12.5 million), primarily attributable to the prolonged decline in China's macro economy and the increased cost of sales as the Group made more efforts to the marketing for CI Web and its related APPs.