Texhong Textile Group Limited provided unaudited consolidated earnings guidance for the five months ended May 31, 2021. For the period, the Group is expected the net profit after tax already exceeded RMB 1 billion. The strong performance was mainly attributable to the continuous recovery of textile market demand and product gross margin since the fourth quarter of 2020. Due to the increase in raw materials price, the average product selling price have been raised accordingly while the raw materials purchased or ordered in prior months were at a lower cost. As a result, the overall products of the Group had a higher than normal gross margin during the five months ended 31 May 2021. After the low cost inventories have been fully utilized in production and sold, it is expected that the Group's gross margin will restore to a normal level.