Yusei Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2020. The board of directors of the Company inform 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 and information currently available to the Board, the Group expects that the profit attributable to owners of the Company for the six months ended 30 June 2020 should not exceed RMB 1 million (Six months ended 30 June 2019: approximately RMB 15 million). Such decrease in profit was primarily attributable to the adverse impact of the outbreak of the coronavirus disease globally since early 2020 ("COVID-19"). Certain customers of the Group decreased orders of products in view of the adverse market conditions created by COVID-19, resulting in a decline in revenue and the profit of the Group.