China Shun Ke Long Holdings Limited provided earnings guidance for the year ended 31 December 2020. The Group expects that the Group will record a net loss not more than RMB 15,000,000 for the year ended 31 December 2020 as compared to the net loss of approximately RMB 20,559,000 for the same period of last year. Based on the information currently available, reduction in the net loss for the Relevant Period was mainly due to (i) decrease in staff costs by approximately RMB 2,760,000 for the Relevant Period; and (ii) decrease in business operating costs such as utilities and promotion expenses of approximately RMB 3,300,000 as compared to that for the year ended 31 December 2019.