Wisdom Sports Group provided earnings guidance for the year ended December 31, 2019. The company expected that the group would record a loss of not less than RMB 400.0 million for the financial year ended 31 December 2019, compared to a profit of approximately RMB 52.0 million recorded for the financial year ended 31 December 2018, which was primarily attributable to the factors referred in the announcement. It is also currently anticipated that the group's revenue will drop approximately 65% for the financial year ended 31 December 2019 when compared with the financial year ended 31 December 2018.