V.S. International Group Limited provided consolidated earnings guidance for the year ended 31 July 2021. The group is expected to record a decrease of about 50% in the Group's revenue when compared with that for the year ended 31 July 2020, which was mainly attributable to a significant drop in the amount of orders placed by an existing customer, the Group is expected to record a decrease of about 70% in its loss attributable to owners of the Company for the year ended 31 July 2021, as compared to the loss attributable to owners of the Company of approximately RMB 33.7 million for the year ended 31 July 2020. The decrease in loss attributable to owners of the Company for the year ended 31 July 2021 was mainly attributable to the following reasons: improvement in gross profit margin by about 10%, which was mainly due to the provision of higher value-added products for existing customers; decrease in impairment on property, plant and equipment by approximately 60%; and decrease in distribution and administration expenses.