Cabbeen Fashion Limited provided consolidated earnings guidance for the six months ending June 30, 2022. The Board expects that the net profit of the Group for the six months ending June 30, 2022 will decrease by more than approximately 50% as compared to that of the same period in 2021. The Board considers that the expected decrease in net profit for the six months ending June 30, 2022 is mainly attributable to (i) the partial suspension of the Group's logistics centre and physical stores in various cities of China brought by the strict pandemic control and lockdown measures as a result of the resurgence of COVID-19 pandemic in various parts of China; and (ii) the decrease in sales and the increase in provision for inventories as compared to that for the same period in 2021 due to the continuously weak consumption sentiment.