Mulsanne Group Holding Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the Group is expected to record a loss after tax ranging from RMB 120 million to RMB 160 million. The major reasons for such loss after tax include:(i) a significant blow to the Group's offline retail channels as a result of the novel coronavirus (COVID-19) outbreak in early 2020; and (ii) decrease in gross profit margin due to the offering of higher discount rates on e-commerce platforms to boost online sales of inventories during the COVID-19 outbreak.