Narnia (Hong Kong) Group Company Limited provided earnings guidance for the three months ended March 31, 2021. After preliminary assessment on the unaudited consolidated management accounts of the Group for the three months ended 31 March 2021 and the information currently available, the board of directors of the Company announced to the shareholders of the Company and potential investors that the Group is expected to record a net profit within the range of approximately RMB 1.0 million to RMB 1.5 million for the Period, as compared to the net loss of approximately RMB 2.3 million recorded for the three months ended 31 March 2020 (the Previous Period). Based on the information currently available, the expected turnaround from loss to profit is mainly attributable to (i) an increase in the Group's turnover and gross profit during the Period as compared with the Previous Period as a result of the market recovery from COVID-19 pandemic; and (ii) the net exchange gain of approximately RMB 0.1 million for the Period as compared with the net exchange loss of approximately RMB 3.2 million for the Previous Period.