China Tianbao Group Development Company Limited provided earnings guidance for the six months ended June 30, 2020. The board of directors of the Company announced that, according to the Group's unaudited consolidated management accounts for the six months ended June 30, 2020 (the "Period") currently available and the preliminary estimates by the management of the Company, it is expected that the net profit of the Group for the Period will record an increase of over 100% as compared with the corresponding period in 2019. The expected increase in net profit of the Group was mainly due to the increase in aggregate area of properties delivered and the increase in aggregate output of construction work.