Tai Hing Group Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2021. For the period, the company expects to record profit attributable to the Shareholders in the range of HKD 30 million to HKD 35 million for the Period, as compared to that of HKD 8,405,000 for the six months ended 30 June 2020. The expected increase in the Group's profit attributable to the Shareholders for the Period was mainly due to the following: The revenue of the Group arising from its businesses in both Hong Kong and Mainland China increased during the Period as the Group expanded its restaurant network in 2020 and continued to open new stores with growth potential during the Period, backed by its well-established multi-brand strategy which helped secure additional income and profit; During the Period, the Group developed and implemented various constructive cost-control measures to maintain business stability, such measures included but were not limited to, negotiating with landlords and vendors for the most favorable terms in relation to contracts, exercising stringent control on food costs and optimising staff costs; The Group strived to enhance productivity and efficiency by opening new stores, establishing multi-brands, enhancing product offerings and boosting takeaway food business; The relatively lower profit attributable to the Shareholders in first half of 2020 was mainly the result of the impact of the novel coronavirus ("COVID-19") outbreak, including the temporary closure of several of the Group's restaurants, particularly in Mainland China; and The decrease in COVID-19 related government grants and subsidies received by the Group in both Hong Kong and Mainland China for the Period as compared to those received in first half of 2020 had partially offset the increase in profit attributable to the Shareholders for the Period.