Beijing Enterprises Urban Resources Group Limited provided consolidated earnings guidance for the six months ended 30 June 2020. It is expected that the revenue for the Relevant Period will increase by more than 15% as compared to that for the six months ended 30 June 2019 (as restated) and the profit attributable to shareholders of the Company from continuing operations for the Relevant Period will increase by more than 60% as compared to that for the six months ended 30 June 2019 (as restated). The increases were primarily due to the following factors: Increase in total revenue in the amount of approximately HKD 239.9 million during the Relevant Period, due to the increase in revenue from the Group's environmental hygiene services in the amount of approximately HKD 340.5 million due to additional projects obtained through tendering, which was partially set-off by the decrease in the revenue from the Group's hazardous waste treatment services and other business due to the adverse effect to the Group's businesses as a result of the COVID-19 pandemic, in the amount of approximately HKD 86.4 million and approximately HKD 14.2 million, respectively; Increase in the gross profit margin, excluding the effect on the reliefs as mentioned in (iii) and (iv) below, from the Group's environmental hygiene service projects from approximately 24.1% for the six months ended 30 June 2019 to approximately 25.1% for the Relevant Period; Increase in the relief related to value-added-tax granted by the local government in the People's Republic of China (the "PRC") due to the COVID-19 pandemic in the amount of approximately HKD 63.8 million (before taking into account the effect of corporate income tax and non-controlling interests of the respective projects); and Increase in the relief related to the reduction of the Group's social welfare and security contributions and other relief granted by the local government in the PRC due to the COVID-19 pandemic in the amount of approximately HKD 35.7 million (before taking into account the effect of corporate income tax and non-controlling interests of the respective projects).