The board of directors of Ying Hai Group Holdings Company Limited provides unaudited consolidated earnings guidance of the Group for the nine months ended 30 September 2020. The Group is expected to record a loss attributable to the owners of the company for 2020 quarter third within a range of approximately HKD 16.5 million to approximately HKD 18.5 million, as compared to a loss attributable to the owners of the company of approximately HKD 0.7 million for the nine months ended 30 September 2019. Based on the information currently available, the Board considers that such expected loss of the Group for 2020Q3 as compared to corresponding period last year was mainly attributable to (i) the substantial decrease in revenue generated from the sales and distribution of hotel rooms and the provision of car rental services, which was mainly due to the outbreak of the COVID-19 pandemic and the travel restrictions on tourists imposed by the Macau government and decrease in number of visitors visiting Macau during 2020 Q3; and (ii) the increase in administrative expenses, which was mainly due to the recognition of impairment loss of right-of-use assets as well as the increase in employee benefits expenses, depreciation expenses and professional fees after the listing of the company's shares on GEM of the Stock Exchange.