Jia Yao Holdings Limited provided group earnings guidance for the year ended December 31, 2020. For the period, the Group is expected to record a net loss after tax for the year ended 31 December 2020 as compared to the net profit after tax of approximately RMB 7.5 million for the year ended 31 December 2019. The net loss after tax for the year ended 31 December 2020 will range from approximately RMB 28.5 million to RMB 31.5 million, representing a decrease of approximately RMB 36.0 million to RMB 39.0 million, as compared to the net profit after tax of approximately RMB 7.5 million for the year ended 31 December 2019.