Champion Alliance International Holdings Limited provided unaudited consolidated earnings guidance for the six month ended 30 June 2022. For the period, the Group is expected to record a loss attributable to owners of the Company for the period in the amount of approximately RMB 20 million, while the Group recorded a profit attributable to owners of the Company of RMB 13,349,000 for the corresponding period in 2021. The turnaround was primarily due to an impairment of inventory in the cigarette packaging products segment with net amount of approximately RMB 31 million.