Truly International Holdings Limited provided consolidated earnings guidance for the nine months ended September 30, 2020. The board of directors of the company inform shareholders of the company and potential investors that, based on the information currently available to the company, it is expected that the consolidated profit attributable to owners of the company for the 9 months ended 30 September 2020 would be significantly increased by approximately 1.4 times to approximately HKD 400 million as compared to the consolidated profit attributable to owners of the Company for the 9 months ended 30 June 2019 (approximately HKD 169 million). The Board believes that the expected increase in the consolidated profit attributable to owners of the company for the Period was primarily attributable to the following reason: SHARE OF LOSS FROM ASSOCIATES SIGNIFICANTLY DECREASED - It was mainly because the financial results for the Period of the major associate, Truly (Huizhou) Smart Display Limited of the Group has been significantly improved when compared to the corresponding period of 2019. Thus, share of loss from associates in the Period has been significantly reduced by approximately HKD 165 million to approximately HKD 6 million as compared to the corresponding period of 2019 (approximately HKD 171 million). NET FOREIGN EXCHANGE LOSS SIGNIFICANTLY DECREASED - The net foreign exchange loss has been significantly decreased by approximately HKD 88 million during the Period as compared to the corresponding period in 2019 because the Renminbi was appreciated in third quarter 2020.