Binhai Investment Company Limited provided earnings guidance for the six months ended June 30, 2020. Based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the profit attributable to equity holders of the Company for the six months ended 30 June 2020 is expected to show a significant increase of over 100% as compared to that for the corresponding period in 2019. Such significant increase was mainly due to (1) the increase in the proportion of gas supply obtained by the Group from the primary source of gas, thus increasing the gross profit of the Group from the sales of piped natural gas; and (2) recovery of certain bad debts by the Group which accordingly reverted the corresponding bad debt provision.