Tibet Water Resources Ltd. provided preliminary consolidated earnings guidance for the six months ended 30 June 2020. The board of directors of the Company announced that the shareholders (the "Shareholders") and potential investors of the Company that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 which have not been reviewed by the Company's auditors and information currently available to the management of the Company, it is expected that the revenue of the Group and profit attributable to owners of the Company for the six months ended 30 June 2020 will decrease by approximately 45% and approximately 65% respectively, as compared to the corresponding period in 2019.