SinoMedia Holding Limited provided preliminary group earnings guidance for the year ended 31 December 2020. For the year, the Group is expected to record a profit attributable to equity shareholders of the Company in the range of approximately RMB 70 million to RMB 90 million for the Year, representing an increase of approximately 165% to 240% as compared to that for the year ended 31 December 2019. Based on information currently available, the expected significant increase of consolidated net profit for the Year was mainly due to the investment income on disposal of equity securities and the changes in fair value of equity securities.