New Focus Auto Tech Holdings Limited provided earnings guidance for the six months ended June 30, 2020. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and other information currently available, the Group is expected to record a net loss attributable to equity holders of the Company in the range of approximately RMB 400 million to approximately RMB 430 million for the First Half of 2020 as compared to a net loss attributable to equity holders of the Company from continuing operations of approximately RMB 38 million for the corresponding period in 2019. It is expected that the Expected Loss would mainly include a net loss of approximately RMB 60 million from continuing operations of the Group for the First Half of 2020 and an impairment loss in the range of approximately RMB 340 million to approximately RMB 370 million on the receivables of the Group. Besides, the Group is expected to record a consolidated revenue of approximately RMB 379 million for the First Half of 2020, representing a decrease of approximately 64% as compared to that generated from continuing operations for the corresponding period in 2019 which was mainly due to the negative impact of the COVID-19 epidemic.