China Digital Video Holdings Limited provided earnings guidance for the first quarter ended march 31, 2020. for the year, the company expected that the Group will record a net loss of over RMB 18.0 million as compared to a net loss of approximately RMB 13.9 million for the three months ended 31 March 2019. The expected loss for the 2020 First Quarter Period is primarily attributable to the outbreak of COVID-19 in the People's Republic of China. Due to the delay in resumption of work after the Chinese New Year holidays and the anti-epidemic measures and work restrictions imposed by the relevant PRC authorities as a result of the outbreak of COVID-19, during the 2020 First Quarter Period, the number of the Group's new projects had been reduced and there had been a delay in the implementation of ongoing projects.