The board of directors of KBH informed shareholders and potential investors of KBH that, based on the preliminary review of the unaudited management accounts of the Group for the year ended 31 December 2021 and the information currently available to the KBH Board, the Group is expecting to record a net profit of approximately HKD 10 billion to HKD 11 billion for the year ended 31 December 2021, an increase of approximately 113% to 134% as compared with the corresponding period in 2020. The substantial increase in the net profits of the Group for the year ended 31 December 2021 is primarily attributable to the following factors including: The market demand has stayed strong, and the unit prices of products in various departments of the Group have risen sharply compared with the corresponding period in 2020; The Group's subsidiary, Kingboard Laminates Holdings Limited recorded a considerable increase in profit during the year ended 31 December 2021; The investment income of the Group increased significantly compared with the same period in 2020. The KBH Board believes that the increase in the net profit is also attributable to the Group's strong and comprehensive vertical integration business model.