KWG Living Group Holdings Limited informed the Shareholders and the potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the Year and information currently available to the Board, the Group is expected to record a significant increase in the unaudited profits from approximately RMB 323.7 million for the year ended 31 December 2020 to not less than RMB 679.8 million for the Year (an increase of not less than 110%).