CSMall Group Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the company expects to record a net loss attributable to owners of the Company of RMB15 million to RMB25 million for 1H 2020, as compared to a net profit attributable to owners of the Company of approximately RMB41 million for the six months ended 30 June 2019. Such expected decrease is mainly attributable to (i) the decline in the Group's volume of sales through both its online sales channels and its offline sales and service network during 1H 2020 as a result of the temporary business suspension and weak consumer sentiment in China due to the COVID-19 outbreak; and (ii) the one-off loss of RMB25 million to RMB30 million recorded in June 2020 in relation to the termination of the acquisition of land use rights as disclosed in the Company's announcement dated 2 July 2020.