Lingbao Gold Group Company Ltd. provided group earnings guidance for the year ended 31 December 2020. The board of directors of the company informed the shareholders of the company and the prospective investors of the company that the Group expects to record a net profit of approximately RMB 60 million to RMB 80 million for the year ended 31 December 2020, as compared to a net loss of approximately RMB 252 million for the year ended 31 December 2019, according to the preliminary assessment made by the Group over the unaudited consolidated management accounts for the year ended 31 December 2020 and the information currently available to the Board.