APT Satellite Holdings Limited provided earnings guidance for the first half of the financial year ending June 30, 2020. The company group expects that the profit attributable to shareholder for the first half of the financial year ending June 30, 2020 will drop by approximately half from the same period last year. If the business environment remains unchanged, the Group expects that the profit attributable to shareholder for the whole financial year of 2020 will show a decline similar to that of the first half of financial year ended 30 June 2020 as compared with 2019. The decline in profit attributable to shareholder in 2020 is mainly due to (i) an insurance compensation for Apstar-6 satellite was recognized in the first half of last year but this income is non-recurring income and no such income is recorded in 2020; (ii) the non-renewal of contract by a major customer in a region due to its own business re-alignment and (iii) certain impact of coronavirus epidemic on the market environment leading to the drop in the usage and price of transponder compared with same period of last year which caused the decline of operating income. In spite of this, the Group will fully leverage its strengths of healthy financial position and sufficient capital to actively explore and increase investment in new satellite projects and emerging business areas, further enhance its competitiveness and service capabilities, expand its business areas and business scope, so as to maintain its stable and sustainable business development.