Xinhua News Media Holdings Limited provided earnings guidance for the six months ended 30 September 2020. For the period, the unaudited interim results of the Group are expected to record a significant increase in net profit after tax for the six months ended 30 September 2020 as compared to the corresponding period in 2019. Based on the information currently available, the Board considers that such increase in profits is primarily attributable to the receipt of subsidies under the Employment Support Scheme launched by the Hong Kong SAR Government; and decrease in staff costs and other operating expenses.