Xingda International Holdings Limited provided earnings guidance for the year ended December 31, 2020. For the year, the company is expected to record a decrease of the net profit attributable to the owners of the company for the year ended 31 December 2020 in the range of 50% to 60% as compared to that for the year ended 31 December 2019. The Board considers that such decrease was mainly attributable to the recognition of certain non-cash expenses for share-based payment of approximately RMB270.8 million. If the effect of the recognition of such non-cash expenses for share-based payment is excluded, the adjusted profit attributable to the owners of the company for the year ended 31 December 2020 is expected to increase by the range of 10% to 20% as compared to that for the year ended 31 December 2019.