Jiumaojiu International Holdings Limited provided preliminary unaudited consolidated earnings guidance for the six months ended June 30, 2020. The company the Group is expected to record (i) an approximately 23% decrease in total revenue for the Period as compared to the corresponding period in 2019 due to an expected decrease of approximately 61% and 24% in revenue from Jiu Mao Jiu and other brands, respectively, partially offset by an expected increase of approximately 25% in revenue from Tai Er for the Period as compared to the corresponding period in 2019; and (ii) a net loss for the Period as compared to a profit of RMB 102.0 million for the corresponding period in 2019. The expected decrease in total revenue and the expected net loss for the Period is primarily due to the outbreak of the novel coronavirus pneumonia (COVID-19) epidemic in China since January 2020.