Goal Rise Logistics (China) Holdings Limited provided earnings guidance for the year ended December 31, 2020. for the year, the company expected to record a decrease in consolidated revenue in the range of approximately 10% to 20% as compared with the consolidated revenue of approximately RMB 209.8 million for the year ended 31 December 2019; and a decrease in consolidated net profit in the range of approximately 40% to 60% for the Year, as compared with the consolidated net profit of approximately RMB 9.3 million for the year ended 31 December 2019. The decrease in consolidated revenue is mainly due to the impact of the unprecedented outbreak of the COVID-19 pandemic since the beginning of the Year, which has caused disruption to the businesses of the Group's customers and operation delays in service resumption by the Group predominantly in the first few months of the Year, and the cautious slowdown in customers' business expansion due to overall downturn of the economy, which has led to a decrease in demand for the Group's transportation and in-plant logistics services.