Weiqiao Textile Company Limited provided earnings guidance for the six months ended June 30, 2020. It is expected that there would be a decrease of approximately 30% in the net profit of the Group for the six months ended 30 June 2020 as compared to the corresponding period of 2019, which is mainly attributable to the reasons referred to in the Announcement. As the company is still in the process of finalising the Group's unaudited interim results for the six months ended 30 June 2020, the company has not yet quantified the exact amount of the decrease in the Group's profit. This announcement is only a preliminary assessment made by the management of the company and it is not based on any figures or information which have been audited or reviewed by the company's auditor.