Sheng Ye Capital Limited provided group earnings guidance for the six months ended 30 June 2020. Based on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, it is expected that the Group may record a significant increase in profit for the six months ended 30 June 2020 by approximately 45% as compared to that for the six months ended 30 June 2019. The expected increase was primarily attributable to: (i) the expected increase in income from factoring and other services; and (ii) gain from changes in fair value of financial assets.