Cogobuy Group provided earnings guidance for the six months ended June 30, 2020. Based on preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and information currently available to the Board, the Group is expected to record an increase of not less than RMB 70 million or over 173% in the consolidated profit for the six months ended 30 June 2020 as compared with the same period in 2019, and an increase in revenue of not less than 20% as a result of the increased sales volume contributed directly by the rapid construction of the 5G market in China.