Xinming China Holdings Limited provided group earnings guidance for the year ended 31 December 2020. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the information currently available to the Company, the Group is expected to record a loss attributable to owners of the Company of not more than approximately RMB 791.1 million for the year ended 31 December 2020 as compared to a loss of approximately RMB 117.0 million for the corresponding period in 2019.