NNK Group Limited provided earnings guidance for the year ended 31 December 2019. For the year, based on the Board's preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 (the "Year"), the Group is expected to record a significant decrease in loss or a turnaround to profit for the Year as compared with a loss of approximately RMB 25.8 million for the year ended 31 December 2018. Such result was primarily attributable to (i) the decrease in cost of revenue mainly due to decrease in commission fees charged by PRC banks and other channels for handling mobile top-up service requests via their electronic systems, as a result of reduction of the rates for commission fees charged by certain PRC banks and decrease in gross transaction value from certain channel partners charging higher commission rates; (ii) decreases in distribution and selling expenses, administrative expenses and research and development expenses mainly due to decrease in staff cost and adoption of cost control measures according to the Group's continuous optimization of its operating procedure during the Year; (iii) decrease in finance costs mainly due to decrease in average bank borrowings; and (iv) decrease in deferred tax expense.