Dongyue Group Limited provided earnings guidance for the four months ended 30 April 2020 and six months ending June 30, 2020. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the four months ended 30 April 2020, the net profit attributable to owners of the Company for the four months ended 30 April 2020 has significantly decreased by approximately 60% as compared to that for the four months ended 30 April 2019. Based on such information, the Board expects that the Group may record a considerable decrease in its net profit attributable to owners of the Company for the six months ending 30 June 2020, as compared to that for the six months ended 30 June 2019. Based on the information currently available, the Board considers that such decrease was mainly attributable to the decrease in average market prices of the Group's major products (including but not limited to refrigerant products, organic silicone products, PVC, chlorine alkali, dichloromethane, liquid alkali and other products) as compared to the same period of 2019 due to market conditions and the novel coronavirus (COVID-19) pandemic, which led to the decrease in revenue and gross profit margin of the Group during the relevant period.