Shengjing Bank Co., Ltd. provides earnings guidance for the full year ended December 31, 2020. The net profit of the Group for the twelve months ended 31 December 2020 is expected to decrease by approximately 70% to 80% as compared with the corresponding period of the previous year. The main reasons are as follows: due to the impact of COVID-19, some of the Bank's credit customers had difficulty in their production and operation, resulting in reduced repayment ability. Therefore, the Bank has increased asset impairment provision taking into account the continuing impact on existing assets. The Bank implemented relevant policies such as relief plan benefiting enterprises, fee reduction, deferred repayment of principal and interest, actively fulfilling its social responsibility, and benefiting the real economy.