Newborn Town Inc. provided earnings guidance for the year ended December 31, 2020. The company announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended December 31, 2020 and other information currently available to the Company, it is expected that, as compared to the corresponding period in 2019, the Group will record a total revenue of approximately RMB 1,100 million to RMB 1,250 million for the year ended December 31, 2020. Such expected increase is mainly due to the rapid growth of the social networking business (including the increase in user scale, the expansion of markets covered and the diversification of monetization methods) and the steady expansion of the game business. The Group will record a net profit of approximately RMB 100 million to RMB 120 million for the year ended December 31, 2020. The Group will record the profit attributable to owners of the Company of approximately RMB 33 million to RMB 47 million for the year ended December 31, 2020.