Anton Oilfield Services Group provided earnings guidance for the twelve months ended December 31, 2020. For the period, The Board of Directors informed the shareholders of the Company and prospective investors that, based on the information currently available to the Board, the loss attributable to the equity holders of the Company for the twelve months ended 31 December 2020 is expected to be RMB 90.0 million to RMB 105.0 million, comparing to a net profit of approximately RMB268.6 million attributable to the equity holders of the company for the year ended 31 December 2019. The management considers that the drop in net profit for 2020 was mainly due to: (1) the significant effect on the project executions of the Group in the overseas markets caused by the continuous global-wise spread of the COVID-19 pandemic; (2) Affected by the COVID-19 pandemic and the drop in global oil price, key customers of the Group in the domestic market cut their project prices, which lowered project profits.