Natural Beauty Bio-Technology Limited provided group earnings guidance for the full year ended December 31, 2020. The board of directors of the company inform the shareholders of the company and potential investors that the Group expects to record a significant decline in its profits for the year ended 31 December 2020 as compared to its profits for corresponding period of 2019. The Board believes that the main reasons for the profit decline are: the suspension of the business of the Group's franchising stores in the PRC in the first half year of 2020 and the postponement of the e-commerce expansion plan to be launched in early 2020 until May 2020 due to the impact of the COVID-19 epidemic; and an increase of the Group's expenses arising from (i) the audit of the consolidated financial statements of the Group for the year ended 31 December 2019, (ii) the Forensic Review at the request of the Company's former auditors, (iii) the Additional Forensic Review, and (iv) the Internal Control Review in support of the Company's application for the resumption of trading in Shares.