Zhejiang United Investment Holdings Group Limited provided consolidated earnings guidance for the three months ended 31 July 2020. The board of directors of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on information currently available to the Board, the Group's latest available unaudited consolidated management accounts for the three months ended 31 July 2020, the Group's consolidated loss is expected to decrease by approximately 50% to 70% as compared to the corresponding period in 2019. The expected decrease in loss is mainly due to the decrease in depreciation of right-of-use assets and legal and professional fee.