Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited provides earnings guidance for the six months ended 30 June 2022. It is expected that the net profit of the Group for the Period decreased by a range of approximately RMB 8.0 million to RMB 14.0 million as compared to the net profit of the Group of approximately RMB 24.2 million for the six months ended 30 June 2021. The expected decrease in the net profit of the Group for the Period was mainly attributable to (i) a decrease in government grant in relation to the listing in the Stock Exchange from RMB 8.0 million for the six months ended 30 June 2021 to approximately RMB 50,000 for the Period, and (ii) a change in fair value of the investment properties from valuation gains of approximately RMB 5.3 million for the six months ended 30 June 2021 to valuation losses of approximately RMB 0.8 million for the Period.