01962.HK announced that in the six months ended June 30, 2021, revenue reached HK $550 million, 49.1% compared with the same period last year.； The net profit during the period was HK $30.8 million, an increase of 369.8% over the same period last year, mainly due to the control of the global COVID-19 epidemic and the gradual recovery of demand and sales of human hair receiving products and lace products with higher profit margins. Due to favorable market conditions during the period, compared with the same period in 2020, demand for braided products remained strong for the rest of the period since the second half of 2020.

The Board declared an interim dividend of HK1.3 cents per share for the period (30 June 2020: no interim dividend was declared). The interim dividend ratio for the period is 29.0% (2020: the interim dividend ratio is zero).

During this period, the COVID-19 epidemic continues to wreak havoc around the world, bringing unprecedented challenges to various industries. During the COVID-19 outbreak, restrictions on the flow of people and social distance measures changed the public's way of life, for example, in the case of social isolation, African-American women, the main customers of African hair salons, turned to the Internet to learn to design their own hairstyles and hair styles.

As a result, demand for braided products has remained strong for the rest of the period since the second half of 2020. With the increase in the number of people vaccinated, it is expected that the COVID-19 epidemic will be gradually brought under control, which will help boost confidence in economic recovery, so that the public can return to hair salons and styling, and buy hair products at retail stores, which has led to demand for higher-margin hair reception and lace products, which have gradually recovered during the period.