The board (the "Board") of directors (the "Directors") of Hong Wei (Asia) Holdings Company Limited announced that based on the information currently available to the Board and a preliminary review by the Board of the unaudited management accounts of the Group for the six months ended 30 June 2022, the Group is expected to record an increase of approximately 29.8% in gross profit from approximately HKD 28.1 million for the six months ended 30 June 2021 to gross profit approximately HKD 36.5 million for the six months ended 30 June 2022; and a profit attributable to the owners of the Company for the six months ended 30 June 2022 of approximately HKD 7.2 million as compared to a loss attributable to the owners of the Company of approximately HKD 4.4 million for the six months ended 30 June 2021.