According to the preliminary review of the unaudited comprehensive management accounts of the group for the six months ended June 30, 2024, and the information currently available to the board of directors, the board expects the group to record a net profit attributable to owners of the company of approximately RMB 20.5 million to RMB 22.5 million for the reporting period, a decrease of approximately 21.9% to 28.8% compared to the net profit attributable to owners of the company of approximately RMB 28.8 million recorded in the same period last year.

The expected decrease in net profit attributable to owners of the company during the reporting period is mainly due to: (i) a decrease in sales revenue of the biscuit division of the group by approximately RMB 77.9 million during the reporting period; and (ii) an increase in administrative expenses of approximately RMB 7.9 million during the reporting period due to the expansion of production capacity.