China Cinda Asset Management Co., Ltd. provided consolidated earnings guidance for the six months ended June 30, 2020. The company is expected that the net profit attributable to equity holders of the company for the six months ended June 30, 2020 of the group will be approximately 25% to 30% lower than that of the corresponding period in 2019. The company believes that the main reasons for the decrease include: (1) gains on fair value changes of certain financial assets measured at fair value held by the Group decreased on a year-on-year basis as a result of the weaker performance of capital market in the first half of 2020 as compared with the same period of last year; (2) the Company increased the provisions for credit risk out of prudent consideration as quality of certain financial assets at amortized cost held by the Company were under increasing pressure due to the Corona Virus Disease 2019 epidemic and changes of external economic conditions.