Narnia (Hong Kong) Group Company Limited provided earnings guidance for the first quarter ended March 31, 2020. After preliminary assessment on the unaudited consolidated management accounts of the Group for the three months ended 31 March 2020, the board of directors of the Company wishes to inform the shareholders of the Company and potential investors that the Group is expected to record a loss of approximately RMB 2.3 million for the three months of 2020 as compared to the net profit of approximately RMB 14.0 million recorded for the three months ended 31 March 2019. Based on the information currently available, the expected loss was mainly attributable to a significant drop in revenue of the Group in the three months of 2020 as comparing with the same period in 2019, which was caused by the outbreak of the novel coronavirus (COVID-19) pandemic (the "Pandemic"), which widely affected different industries including the textile industry in the People's Republic of China (the "PRC") and globally.