The board of directors of Chuan Holdings Limited informed the shareholders and potential investors of the Group that, based on its preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2021 (the "Interim Period"), the Group is expected to record a net profit of approximately SGD 422,000 for the Interim Period, representing a substantial improvement of 105.9% increase as compared to the net loss of approximately SGD 7.2 million for the corresponding period last year.