Xinyi Glass Holdings Limited provided unaudited consolidated earnings guidance for the year ending 31 December 2020. For the period, the company expects the consolidated net profit attributable to the equity holders of the Company (the "Net Profit") for the year ending 31 December 2020 is expected to increase by approximately 20% to 35%, when compared with the Net Profit for the year ended 31 December 2019. The Directors consider that the improvement in the Net Profit for the year ending 31 December 2020 is attributable to the following principal factors:- the significant increase of average selling price for float glass business in the second half of 2020 as a result of the strong float glass demand in the PRC construction sector while the market supply is stable; the high growth of sales volume in the float glass businesses in the second half of 2020; and the substantial increase in the share of profit generated from Xinyi Solar Holdings Limited ("Xinyi Solar") (Stock code: 00968), a company incorporated in the Cayman Islands with all the shares listed on the main board of The Stock Exchange of Hong Kong Limited, in which the Group holds 23.66% of the total number of the shares in issue as of the date of this announcement.