Universal Star (Holdings) Limited provided earnings guidance for the six months ended 30 June 2021. The Group is expected to record a net profit attributable to the shareholders of the Company of approximately RMB 2.5 million for the six months ended 30 June 2021 (six months ended 30 June 2020: net profit of approximately RMB 47.0 million). Such expected substantial decrease in net profit is mainly attributable to the decrease in other income as no government subsidies and gain on disposal of property, plant and equipment and investment properties were received and recognised as other income during the six months ended 30 June 2021 while government subsidies of approximately RMB 19.0 million and gain on disposal of property, plant and equipment and investment properties of approximately RMB 28.2 million were recorded as other income during the corresponding period last year.