Yue Yuen Industrial (Holdings) Limited provided earnings guidance for the first half of 2020. The company informed of the impact of the outbreak of novel coronavirus (COVID-19) epidemic (the "Epidemic") in China on the current business operations of the Group. Following the outbreak of the Epidemic, authorities in numerous provinces and cities in China have taken emergency public health measures and various actions to control the spread of the Epidemic, including imposing restrictions and guidelines on the time and safety measures required for the resumption of work after the Chinese New Year Holidays. Based on the above reasons, the Board expects that the Epidemic will have a negative impact on the Group's revenue and results for the first half of 2020. The Group will adopt relevant cost control measures to minimize the adverse impact in this regard.