Clear Media Limited provided financial guidance for the first quarter 2020. The outbreak of the novel coronavirus in 2020 could further slow China's economic growth, negatively impact customers' advertising spend and reduce demand for advertising space. Therefore, the company expects the overall outdoor advertising market may be more challenging in the coming year. The company expects a very difficult first quarter in 2020 as the company experienced high order cancellations in February and The company anticipates this will continue in March. Sales for the first two months of 2020 declined by approximately 30% compared to the same period last year. The company is actively implementing the strategies previously announced on 27 February 2020. The Company remains cautious about the operating environment in 2020 as factors affecting China's economic growth remains highly uncertain.