Guan Chao Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the Group expects to record a profit attributable to equity holders of the Company for the period ended 2021 of approximately SGD 6 million as compared to approximately SGD 0.2 million for the corresponding period in 2020. Based on the above financial information, such increase was mainly attributable to the increase in revenue as a result of increased demand from customers. This was mainly driven by the recovery from the adverse impact brought by COVID-19 in 2021 as the pandemic remained under control in Singapore, compared to the closure of the Group's showrooms for more than two months in the first half of 2020 due to the safe distancing measures implemented by the Ministry of Health of Singapore to curb further spread of COVID-19.