Wealthy Way Group Limited provided earnings guidance for the year ended 31 December 2020. The company announced that the Group is expected to record an unaudited consolidated loss on total earnings for the year ended 31 December 2020 (Financial Year 2020) mainly due to a reduction in the financial leasing receivables attributable to additional expected credit loss of not more than approximately RMB 180 million being made to the financial leasing receivables due from one of company's customers, Grand China Air Co., Ltd, which is attributable to the increased uncertainty on the repayment of the financial leasing receivables due to the significant effect from the downturn of the airline industry. The addition in the expected credit loss made to the financial leasing receivables is a non-cash item and does not have an immediate impact on the Group's cash flows and operations. However, it will significantly reduce reported earnings and, as a result, the Group is expected to record a loss of not more than RMB 110.0 million for the Financial Year 2020.