Stella International Holdings Limited provided earnings guidance for the six months ended June 30, 2022. For the six months, the company preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, and the information currently available to the Company, the Group is expected to record a net profit of not less than USD 52.0 million for the six months ended 30 June 2022 as compared with a net profit of approximately USD 32.2 million for the six months ended 30 June 2021. The increase in net profit was mostly attributable to the strong performance of the Group's manufacturing business which benefited from the growth of its Sports and Fashion footwear segments and the addition of new customers within its Luxury footwear segment.

Further details of the improvement in the performance of the Group's manufacturing business during the six months ended 30 June 2022 as compared with the six months ended 30 June 2021 are set out in the section headed "Manufacturing Business" above in this announcement.