Maoyan Entertainment provided earnings guidance for the year ended December 31, 2020. The board of directors of the Company announced that, based on the information currently available to the Company and its preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended December 31, 2020 ("FY2020"), the revenue of the Group for FY2020 is expected to range between approximately RMB 1,350.0 million and RMB 1,400.0 million, while the revenue for the year ended December 31, 2019 ("FY2019") was approximately RMB 4,267.5 million; the net loss attributable to the owners of the Company to be recorded by the Group for FY2020 is expected to range between approximately RMB 600.0 million and RMB 650.0 million, while it recorded a net profit attributable to the owners of the Company of approximately RMB 463.5 million for FY2019.