Sling Group Holdings Limited announced that the management expects to report a loss for the year ending 31 December 2020 of not less than approximately RMB 16.1 million (being the net loss as reported for the year ended 31 December 2019). The unfavorable results were mainly attributable to the outbreak of coronavirus since January 2020, which has greatly suppressed consumer sentiment in general and thus impacted the sales and distribution of middle-end women's handbags, as well as luggage and travel accessories.