Huabao International Holdings Limited provided group earnings guidance for the five months ended May 31, 2022. For the period, the company's Group is expected to record a net profit before tax of approximately RMB 407 million, before any impairment on goodwill and changes in fair value of unlisted equity investments (being financial assets at fair value through profit or loss), if any, representing a decrease of approximately 27% as compared with the corresponding period last year.