Poly Culture Group Corporation Limited provided group earnings guidance for the year ended December 31, 2020. For the year, the company expects the operating profit of the Group decreased due to the continuous impact of the COVID-19 pandemic in the Current Year, and the asset impairment provision for certain long-term assets, receivables, and inventories of Poly Film Investment Co. Ltd., a subsidiary of the Company, in the Current Year. It is expected to record a loss for the period attributable to equity shareholders of the Company of approximately RMB 300 million to RMB 400 million in the Current Year, as compared to a profit for the period attributable to equity shareholders of the Company of approximately RMB 49.7 million for the year ended 31 December 2019.