Yongmao Holdings Limited provided Group earnings guidance for the second half ended 31 March 2020. Based on the preliminary assessment of the Group's unaudited financial results for second half of fiscal year 2020, the Group is expected to record a significantly lower net profits for second half of fiscal year 2020, compared to the same period last year. The decline in net profits is due to lower revenue in the People's Republic of China in light of the national lockdown to combat the Covid-19 pandemic in the first few months of 2020.