The board of directors of Mingfa Group (International) Company Limited informed the shareholders of the Company and potential investors that, based on its preliminary review of the management accounts of the Group for the six months ended 30 June 2022, the Group is expected to record a profit attributable to equity holders of the Company in the range of approximately RMB 300 million to RMB 330 million for the Reporting Period as compared to a profit attributable to equity holders of the Company of approximately RMB 1,205.0 million for the six months ended 30 June 2021.