Veson Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. The Group is expected to record a profit for the period of approximately RMB 8.1 million to RMB 9.0 million as compared with a loss for the period of approximately RMB 35.0 million and a loss for the period attributable to the owners of the company of approximately RMB 28.8 million for the six months ended 30 June 2020. Based on the information currently available to the Board, such turnaround from loss to profit of the Group was mainly due to (i) the increase in gross profit margin of the Group's ODM business during the Period, and (ii) the increase in revenue generated from the Group's ODM business during the Period due to the market's recovery from the impact of the novel coronavirus (COVID-19) pandemic.