China Renaissance Holdings Limited provided earnings guidance for the six months ended June 30, 2021. For the year, the company expects to record a profit for the period attributable to owners of the company of approximately RMB 1,200 million as compared to a profit attributable to owners of the Company of approximately RMB 407 million for the corresponding period in 2020, representing a significant increase of approximately 194%. Such increase of profit of the Group for the six months ended June 30, 2021 is mainly attributable to the company's robust investment banking transaction pipeline utilizing the Group's underwriting capabilities for Initial Public Offerings, especially in the Hong Kong capital market during the six months ended June 30, 2021, continued contribution of investment income from private equity funds managed under investment management business and the turnaround from loss to profit of China Renaissance Securities (China) Co. Ltd. for the six months ended June 30, 2021.