China Huajun Group Limited provided preliminary unaudited consolidated earnings guidance for the year ended December 31, 2020. The company Group is expected to record an increase in loss attributable to equity holders of the company for the Year 2020 as compared to the loss attributable to the equity holders of the company of RMB 644,710,000 for the year ended 31 December 2019. The loss for Year 2020 is expected to be at a range of 230% to 260% of year 2019. Based on the information currently available to the board, such increase in loss for year 2020 was mainly due to (1) loss on change in fair value of investment properties for year 2020 while a gain of RMB 237.9 million was recorded in year 2019; (2) increase in finance costs and provision for liquidated damages for certain loan agreements in Year 2020 compared to year 2019; and (3) impairment losses on properties held for sale and property, plant and equipment.