Kingdom Holdings Limited informed the shareholders of the company and potential investors that, based on the information currently available to the Board and the preliminary assessment of the Group's unaudited consolidated management accounts for the four months ended 30 April 2020, the Company expects that there will be a decrease of approximately 80% in the Group's net profit for the six months ending 30 June 2020 as compared to a net profit of RMB 90,729,000 for the six months ended 30 June 2019. The expected decrease the Group's net profit for the six months ending 30 June 2020 is primarily attributable to the weak demand and lower selling price of linen yarn, as a result of halting of purchases of linen yarn in overseas markets and substantial reduction of factory working time in the global textile supply chain, resulting from the outbreak of COVID-19 pandemic.