SHENG YE CAPITAL LIMITED provided earnings guidance for the year 2020. For the period the company expected to maintain a positive growth trajectory in 2020 despite the challenging economic environment and operating conditions brought about by the COVID-19 pandemic. Based on the unaudited consolidated management accounts of the Group for the year ended 31 December 2020, it is expected that the Group may record an increase in profit for the year ended 31 December 2020 by approximately 10% as compared to that for the year ended 31 December 2019. The expected increase was primarily attributable to: Income from information technology services increasing approximately 2 times, which is mainly contributed by the expansion of its loan facilitation business, due to the Group's push towards a platform-based transformation, providing SMEs and core enterprises with convenient supply chain Software as a Service ("SaaS") solutions and one-stop financing services. Significant increase in gain from changes in fair value of financial assets arising from the Group's strategic participation in the equity tranche of asset-backed securities and asset-backed notes issuances of core enterprise partners.