China Automobile New Retail (Holdings) Limited provided earnings guidance for the financial year ended March 31, 2021. For the year, the company expected to record a net loss of approximately RMB 2.6 billion. The difference between the expected loss of not less than RMB 700 million as stated in the Profit Warning Announcement and the expected net loss as stated above was mainly due to the ascertainment of impairment loss on financial assets and guarantee contracts. The impairment loss on financial assets and guarantee contracts is approximately RMB 1.9 billion.