China All Access (Holdings) Limited provided preliminary consolidated earnings guidance for the year ended December 31, 2020. The board of directors of the Company announced that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 and assessment of the information currently available, the Group is expected to record a net loss of not less than RMB 327,785,000 for the year ended 31 December 2020 as compared to a net loss of approximately RMB 2,661,072,000 for the year ended 31 December 2019.