Kimou Environmental Holding Limited provided earnings guidance for the year ended December 31, 2020. For the year, the company expected to record an increase in the profit after tax for fiscal year 2020 of not less than RMB 42.0 million as compared to the profit after tax of approximately RMB 41.9 million for the year ended 31 December 2019 The Board attributes such expected increase in profit after tax principally to the combined effect of (i) an increase in turnover for fiscal year 2020; (ii) decrease in other expenses for fiscal year 2020 due to the absence of listing expenses; and (iii) decrease in finance costs, as compared to fiscal year 2019.