China Uptown Group Company Limited provided earnings guidance for the six months ended 30 June 2020. The Group expects to have a significant decrease of approximately 81% in the revenue and record an unaudited profit attributable to owners of the Company of not more than RMB 10 million for the six months ended 30 June 2020 as compared with the unaudited profit attributable to owners of the Company of approximately RMB 62,051,000 in the same corresponding period in 2019. The expected decrease of the revenue and results of the Company were mainly attributable to the (i) the decrease in revenue from sales of properties in the current period as compared to the same period in 2019 and (ii) decrease in the fair value of investment properties of the Company due to the adverse effects of the global outbreak of COVID-19 and the completion and higher amount of deliveries of Phase 3 of the Company’s properties development project in Maoming in the first half of 2019.