Xiabuxiabu Catering Management (China) Holdings Co., Ltd. provided earnings guidance for the six months ended 30 June 2020. The Group is expected to record a decrease in revenue of approximately 29% for the six months ended 30 June 2020 as compared to the corresponding period in 2019 and a net loss of approximately RMB200 million to RMB300 million for the six months ended 30 June 2020 as compared to the profit attributable to owners of the Company of approximately RMB164.0 million for the corresponding period in 2019. Such decreases were primarily due to the significant impact on the operations of the Group, especially in Hubei province and Beijing where over 30% of the Group's restaurants are located, since January 2020 caused by the outbreak of the 2019 Novel Coronavirus (the "COVID-19") in China and the subsequent disease prevention measures as well as restrictions on consumer establishments imposed by central and local governments.