Shenglong Splendecor International Limited provided earnings guidance for the six months ended 30 June 2020. The board of directors of the Company wishes to inform the shareholders and potential investors of the Company that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and the information currently available to the Board, the Group expects to record a decrease in net profit attributable to owners of the Company by approximately 40% from approximately RMB 5,700,000 to approximately RMB 3,400,000, as compared to that for the six months ended 30 June 2019. The decrease in net profit attributable to owners of the Company was primarily attributable to (i) the decrease in gross profit as a result of the decrease in revenue in light of the weakened market demand; (ii) the increase in administrative expenses; and (iii) the increase in interest expense.