Sing Lee Software (Group) Limited provided earnings guidance for the first quarter ended March 31, 2020. After preliminary review by the company's management based on the management accounts of the company, the Directors of the company inform the shareholders of the company and the potential investors that the Group is expected to record a net loss for the three months ended 31 March 2020, as compared with the net loss of approximately RMB 11,589,000 reported in the previous financial period, will increase significantly by more than 100%, principally due to decrease in revenue for the three months ended 31 March 2020. The decreased in revenue was mainly due to the novel coronavirus (COVID-19) pandemic, the COVID-19 outbreak has had a devastating impact on China's as well as the global economies. The Group only utilized less than 30% of its capacity in the first quarter (and almost 0% in February). Despite the unaudited results of the Group for the three months ended 31 March 2020 is expected to record a loss, the Board considers that the Group's overall financial positions are healthy and the Board remains positive on the prospects of the Group. The Board would like to emphasize that the Group's financial positions remain stable and has sufficient cash resources to meet its present and future cash flow requirements. The Board will constantly keep reviewing the Group's strategies and operations with a view to improve its business performance and Company's shareholders' return.