ArtGo Holdings Limited provided earnings guidance for the six months ended June 30, 2020. Based on the preliminary review of the Group's latest unaudited management accounts, the Group expects to record a net loss of not less than RMB 92 million for the six months ended 30 June 2020 as compared to the net loss of approximately RMB 29 million for the corresponding period last year. Based on the information currently available to the Board, the expected increase in loss for the Period was primarily due to (i) the outbreak of COVID- 19 in the Period which led to decline in revenue of the Group particularly the marble products sales which expected to result in approximately RMB 8 million drop in the gross profit; (ii) the expected impairment of approximately RMB 36 million on investment properties and increase in expected credit loss in respect of trade receivables of approximately RMB 13 million due to the deteriorated economic environment.