Kai Yuan Holdings Limited provided earnings guidance for the six months ending June 30, 2020. Based on the unaudited consolidated management accounts of the Group for the three months ended 31 March 2020, the unaudited loss of the Group for the three months ended on 31 March 2020 exceeds the unaudited loss of the Group for the six months ended 30 June 2019 (the 'Preceding Period'). As a result of the lack of revenue from the Hotel due to its temporary closure since 17 March 2020, the Board expects that the loss of the Group for the six months ending 30 June 2020 (the 'Interim Period') will increase significantly as compared to the Preceding Period.