Sunfonda Group Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the Group is expected to record a profit attributable to owners of the parent of not less than RMB 218.6 million for the six months ended 30 June 2021, representing an increase of not less than 370% as compared to the profit attributable to owners of the parent for the six months ended 30 June 2020. The expected increase in the profit attributable to owners of the parent for the six months ended 30 June 2021 was mainly due to the facts that (i) in the first half of 2021, China's automobile consumption market remained active, especially the luxury car market demonstrated strong growth momentum; (ii) the Group's operational quality and efficiency was continuously enhanced, and the sales volume and sales revenue of new automobiles, gross profit margin and other indicators maintained good growth momentum; (iii) the Group continued to carry out its strategic arrangement, continuously broadened its business map across the country, strengthened regional advantages and optimized the structure of automobile brands, and further expanded its business scale; and (iv) the Group's resources were optimized and the proceeds from the disposal of the minority interests in a company which was not engaged in main business (please refer to the announcement dated 17 May 2021 of the Company for details) were used to facilitate the development of its main business, thus consolidating its core competitiveness.