Powerlong Commercial Management Holdings Limited provides consolidated earnings guidance for the six months ended 30 June 2020. The board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 (the "Unaudited Consolidated Management Accounts") and the latest information currently available, the Group expects to record a substantial increase in profit attributable to the owners of the Company for the six months ended 30 June 2020, representing an increase of not less than 50% as compared with the corresponding period in 2019. The Board believes that the aforementioned increase is mainly attributable to: 1) the growth in revenue arising from the Group's projects newly opened in 2019 and projects under preparation for opening in 2020; 2) the effective control of operating costs; and 3) the growth in finance income.