China Weaving Materials Holdings Limited provided earnings guidance for the year ending 31 December 2021. For the eleven months ended 30 November 2021, the Group recorded a consolidated revenue and consolidated net profit of approximately RMB 1,857 million and RMB 200 million respectively. As such, it is expected that the Group may record a substantial increase in its consolidated net profit for the year ending 31 December 2021 as compared to that for the year ended 31 December 2020.