Kwung's Holdings Limited provided earnings guidance for the six months ended 30 June 2021. The Group is expected to record an increase in revenue of approximately RMB 80 million or 50% and net profit of RMB 10 million or 230% for the six months ended 30 June 2021, as compared to the six months ended 30 June 2020. The Directors consider that the expected increase in the Group's revenue and net profit for the six months ended 30 June 2021 was mainly due to the business recovery from the global outbreak of a novel coronavirus in 2020, which temporarily affected the demand for products from customers located in different countries, including but not limited to, the PRC and European countries during the six months ended 30 June 2020, as well as some organic growth on purchase orders from the Group's existing customers.