Vital Innovations Holdings Limited provides unaudited consolidated earnings guidance for the six months ended June 30, 2020. For the period, the company expects may record a net loss of not less than RMB 71 million as compared to a net profit of RMB 2.3 million for the six months ended 30 June 2019. Based on information currently available to the Board, the turnaround from profit to loss for the 2020 Interim Period as compared to the 2019 Interim Period was primarily attributable to a loss of approximately RMB 63 million in relation to the sales of AI and other equipment due to the worldwide pandemic and worsening trade environment, and the deteriorating trade war between China and the USA during the first half of 2020, which resulted in most market players having revised their business plans to avoid taking positions under the current market conditions; a decrease in interest income on bank deposits of approximately RMB 7 million for the 2020 Interim Period; and the lockdown and social distancing measures imposed by China and Hong Kong to contain the spread of novel coronavirus. These measures had caused certain degree of interruption to the Groups supply chain logistics and business plans. As a result, the Group s revenue in sale of mobile telecommunication devices for the 2020 Interim Period is expected to be decreased by approximately 36% as compared with the 2019 Interim Period.