AAC Technologies Holdings Inc. provided unaudited consolidated earnings guidance for the first quarter ending 31 March 2020. The company provided unaudited consolidated profit attributable to the Shareholders for the three months ending 31 March 2020 is expected to decline to a range of RMB 43 million and RMB 63 million, representing a decline of approximately 85% to 90% as compared with that for the corresponding period in 2019. In first 2020, the COVID-19 outbreak has caused an extension of work suspension. In addition to seasonal pricing pressure and reduction of revenue from dampened consumer sentiment for smartphones, the planned production activities had contracted severely after Chinese New Year and early-March due to the introduction of various outbreak restrictive regulatory measures. The related contingency procedures and work resumption arrangements incurred incremental costs and exceptional expenses, contributed to the adverse material impact on the net profit of first quarter 2020. Meanwhile, throughout this period, non-intermittently as always, the Group upheld the on-going research expenditures and development of new products to ensure future growth of all its technology business segments. From mid-March, normal operations of production activities have already resumed. However, given the current development of COVID-19 outbreak, it remains uncertain whether the disruption and negative impact to global economy and end-user demand will continue to be affected in the rest of the year. Nevertheless, the Company expects products and specs upgrades of new smartphone models in the 5G era, and, remains cautiously optimistic in the medium to long term outlook. The Group also remains positive in the growth prospects of all of technology business segments.