Chen Xing Development Holdings Limited provided earning guidance for the six months ended June 30, 2020. For the period, the Group is expected to record a decrease in its unaudited consolidated profit attributable to owners of the Company for the six months ended 30 June 2020 by around 30% to 40% as compared with that reported for the corresponding period last year of approximately RMB 78.76 million. Such decrease in profit for the six months ended 30 June 2020 was primarily attributable to the decrease in revenue from property sales of the Group's development projects in the PRC pursuant to which only phase II of Yosemite Valley Town commenced delivery of residential properties in June during the reporting period.