China Glass Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended June 30, 2022. For the period, the group expects to record a net profit of not less than RMB 120,000,000 as compared to a net profit of approximately RMB 302,148,000 recorded for the six months ended 30 June 2021, representing a decrease of approximately 60%. Such decrease was mainly attributable to the combined effect of factors such as: the downturn of the domestic real estate industry and the splattering outbreak of the epidemic in the Mainland China, which put pressure on the demand side of float glass, and the price of float glass decreased compared with the corresponding period in 2021; and the spread of the epidemic, geopolitical conflicts abroad, and the escalation of global inflation, which led to a sharp increase in the prices of principal raw and fuel materials compared with the corresponding period in 2021.