Tianli Holdings Group Limited provided earnings guidance for the six months ended 30 June 2020. For the period, based on a preliminary review of the draft unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and the information currently available to the Board, the Group is expected to record (i) a decrease of not less than 40% in revenue for the six months ended 30 June 2020 as compared to the six months ended 30 June 2019; and (ii) a loss of approximately RMB 10.0 million to approximately RMB15.0 million attributable to the Shareholders for the six months ended 30 June 2020 as compared to a loss of RMB 48.6 million attributable to the Shareholders for the six months ended 30 June 2019. The decrease in revenue was primarily attributable to the adverse impact of the COVID-19 pandemic outbreak which resulted in decreased demand from some customers in the first half of 2020. However, due to improved cost control measures implemented by the management for the multi-layer ceramic chips ("MLCC") segment, gross margin increased and resulted in higher gross profit and consequently a decrease in loss.