Jiahua Stores Holdings Limited provided earnings guidance for the six months ended June 30, 2022. For the period, the company expects the net loss of the Group to show a decrease from approximately RMB 30.4 million (unaudited) for the six months ended June 30, 2021 to range from approximately RMB 25.0 million to RMB 28.0 million for the six months ended June 30, 2022. The expected decrease in the net loss of the Group is mainly attributable to the closure of three stores (Shenzhen Shajing store, Foshan Yanbu store and Guangxi Taoyuan store) last year.

Given that the pandemic is continuing, it is not yet possible to estimate accurately the full financial effect that the pandemic will have on the Group's operations. The actual operating and financial conditions of the Group for the period are yet to be quantified and the Board will closely monitor the situation.