Smoore International Holdings Limited provided earnings guidance for the year ended December 30, 2020. During the year, it is expected that the profit and total comprehensive income of the Group will increase by approximately 10.0% to 15.0% as compared to that of the year ended 31 December 2019, which was largely the result of the steady growth of revenue of the Group, economies of scale and changes in product mix which was partially offset by the share-based payment expenses and the listing expenses amounting to approximately RMB 407.5 million in aggregate. The losses on fair value changes in financial instruments, share-based payment expenses and the listing expenses were approximately RMB 1,465.1 million in aggregate.