Feiyang International Holdings Group Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2021. Based on a preliminary review of the unaudited consolidated management accounts of the Group, it is expected that the Group will record a net loss in the range of RMB 70 million to RMB 80 million for the six months ended 30 June 2021, as compared with a net loss of approximately RMB 17 million for the corresponding period of 2020. Under the outbreak of the novel coronavirus and the continued suspension of all outbound tours, (i) the expected impairment of trade and other receivables increased due to the significant increase in the credit risk on financial assets (including trade and other receivables); and (ii) revenue generated from sales of air tickets and hotel accommodation, sales of package tours and margin income from sales of free independent traveller products decreased. As a result, the net loss incurred by the Group for the six months ended 30 June 2021 increased as compared to the corresponding period of 2020.