Riverine China Holdings Limited provided preliminary unaudited consolidated earnings guidance for the year ended December 31, 2020. The company expected that the Group's consolidated net profit for the year ended 31 December 2020 will increase by not less than 75% as compared with that for the year ended 31 December 2019. The increase in net profit was mainly due to (1) the result of financial consolidation of Hong Xin Environmental Group Co. Ltd.; (2) the effect of social insurance relief policy in the People's Republic of China during the COVID-19 outbreak; and (3) the partially offset impact of the one-off release of a tax provision of approximately RMB 3.3 million in 2019.