IPE Group Limited provided unaudited earnings guidance for the half year ended June 30, 2021. For the half year, the net profit after tax of the Group for the half year ended 30 June 2021 is expected to record improved performance and recover to the level before the pandemic. The Board believes that the improvement in the net profit after tax of the Group for the half year ended 30 June 2021 was mainly attributable to the fact that the COVID-19 pandemic has been under control since the second half of 2020. As the domestic manufacturing industry in the PRC started to recover and sales orders of the Group were rebounded, such growth continued through the first half of 2021, where the gross profit recovered to the level before the pandemic with the greater economics of scale as a result of growth in sales, and the effective cost control measures implemented by the management.