Dashan Education Holdings Limited provided consolidated earnings guidance for the year ending 31 December 2020. For the year, the company expected a decrease in revenue of approximately 14%; (ii) a decrease in net profit of not less than 90%; and (iii) a decrease in adjusted net profit (excluding other gains and losses and non-recurring listing expenses) of approximately 65% for the year ended 31 December 2020 ("fiscal year of 2020") as compared to the year ended 31 December 2019 ("fiscal year of 2019"). The Board considers that the expected decrease in revenue, net profit and adjusted net profit of the Group for fiscal year of 2020 as compared to that for fiscal year of 2019 are mainly attributable to the following factors: as disclosed in the prospectus of the Company dated 30 June 2020, due to the outbreak of the COVID-19, (a) there was a significant drop in unaudited revenue of the Group for the four months ended 30 April 2020 of approximately 43.2% as compared to that for the corresponding period in 2019; and (b) the Group recorded an unaudited net loss of approximately RMB 14.2 million (including the listing expenses) for the four months ended 30 April 2020 as compared to the unaudited net profit of approximately RMB 12.3 million (including the listing expenses) recorded for the corresponding period in 2019.