Shanshan Brand Management Co., Ltd. provided group earnings guidance for the six months ended 30 June 2020. Based on the preliminary review of the latest unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and other information currently available, it is expected that the Group would record a consolidated net loss approximately not more than RMB 75 million for the Interim Period, as compared with the unaudited consolidated net profit of approximately RMB 7.5 million recorded in the same period of 2019.