China Glass Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2021. The board of directors announced that according to the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 and other information currently available, the Group expects to record a net profit of not less than RMB 800 million for the year ended 31 December 2021, as compared to a net loss of approximately RMB 98.478 million recorded for the year ended 31 December 2020, representing a significant turnaround from a net loss position to a net profit position, and was mainly attributable to the combined effect of factors such as the increase in the selling price, sales volume and gross margin of the major products of the Group due to the overall strong performance of the glass market; the growth of effective capacity of the Group promotes the growth of economies of scale; and the decrease of the management expense/revenue ratio due to the optimisation of the Group's internal management level.