Reach New Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2020. The Group is expected to record a drop in revenue as compared to that of approximately RMB 76.1 million for the year ended 31 December 2019. The Group is expected to record a loss attributable to the owners of the Company for fiscal 2020 within the range of approximately RMB 12.5 million to approximately RMB 15.5 million, as compared to a loss attributable to owners of the Company of approximately RMB 5.1 million for fiscal 2019.