The Board of JTF International Holdings Limited announced that, based on a further assessment of the latest unaudited consolidated management accounts for the six months ended 30 June 2022 and other information currently available, the Group is expected to record a turnover of approximately RMB 400,000,000 for the six months ended 30 June 2022, which is lower than the amount of approximately RMB 450,000,000 to RMB 550,000,000 as originally estimated as of the date of the Announcement. Such decrease was due to the fact that certain customers changed the delivery schedules of confirmed sales orders to early July 2022 and hence the revenue derived from such sales was recognised in July 2022 instead of June 2022 as originally estimated. In addition, the gross profit ratio for the six months ended 30 June 2022 is expected to be above 4%.

The profit attributable to the owners of the Company for the same period is expected to be no less than approximately RMB 3,000,000 which is the same as expected in the Announcement.