Ko Yo Chemical (Group) Limited provided consolidated earnings guidance for the six months ended June 30, 2020. The company expected to record a net loss of approximately RMB 103 million for the six months ended 30 June 2020, representing a decrease in loss of approximately RMB 225 million as compared to a net loss of approximately RMB 328 million for the same period last year. Therefore, the operating profit of the Group in the first half of year 2020 can only cover the interest expenses of approximately RMB 65 million but not the deprecation expenses of approximately RMB 113 million.