Kimou Environmental Holding Limited provided earnings guidance for the six months ended June 30, 2020 The board of directors announced that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and the information currently available, the Group is expected to record an increase in the profit for 2020H1 of not less than RMB 31.0 million, as compared to the profit of approximately RMB 3.2 million for the six months ended 30 June 2019. The Board attributes such expected increase in profit principally to the combined effect of (i) an increase in turnover for 2020H1 as a result of the increase in the revenue generated from the rental and facilities usage; (ii) the decrease in the finance costs; (iii) the absence of the listing expenses for first half 2020; and (iv) the deferred tax impact on the dividend declared by a subsidiary of the Company in the People's Republic of China to its immediate holding company in Hong Kong in 2019H1.