Xin Point Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2021. The company is expected that, for fiscal year 2021, the profit for the year, which has the same meaning as stated in the Group's 2020 Annual Report, of the Group will experience a decrease ranging from approximately 30% to 40%, as compared to that for the year ended 31 December 2020. The above-mentioned expected decrease of profit for the year for fiscal year 2021 by the Group, among other things, is mainly due to: the increase in cost of sales due to commodity price increases and higher shipping prices; a decrease in the Group's overall gross profit margin as factory in Mexico still recorded operating losses for fiscal year 2021; continued appreciations of the Chinese RMB against both USD and EUR during fiscal year 2021 had impacts on the Group's profitability and a higher exchange loss figure is expected to be recorded for fiscal year 2021.

there was an increase in income tax expense for fiscal year 2021 due to the increase in profit of certain subsidiaries.