Reach New Holdings Limited provided earnings guidance for the nine months ended September 30, 2020. For the period, the company expects to record drop in revenue of approximately RMB 15.9 million to approximately RMB 42.5 million, as compared to that of approximately RMB 58.4 million for the nine months ended September 30, 2019. The Group is expected to record a loss attributable to the owners of the Company of approximately RMB 8.9 million for the period comparing with that of approximately RMB 1.8 million a year ago.