Da Ming International Holdings Limited provided preliminary unaudited group earnings guidance for the six months ended June 30, 2022. For the period, the group expects to record a significant decrease in net profit of over 50% as compared with that of the same period in 2021. The expected decrease in net profit is mainly due to the following factors: the adverse impact of the COVID-19 pandemic during the period caused the Group's production efficiency to decrease; due to the impact of the COVID-19 pandemic and the market environment on the business of steel mills, there was a delay in receiving relevant subsidies from steel mills; and the decrease in the market price of steel materials during the period.