InvesTech Holdings Limited provided earnings guidance for the financial year ended 31 December 2020. Having considered the increase in the risk of default by certain borrowers in respect of the repayments of loan receivables of the Group and the decrease in the chance for the Group to recover such loan receivables due to further deterioration in the global economy, the Group takes a prudent approach to recognise impairment of loan receivables of one subsidiary of the Company in an amount of approximately RMB 9.4 million (the "Impairment") and accordingly the Group will record a loss of approximately RMB 9.4 million for the financial year ended 31 December 2020.