Tiande Chemical Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2022. The company expects to record a profit attributable to its owners of not less than RMB 800.0 million (2021: RMB 379.6 million) for the year ended 31 December 2022 (the "Financial Year"). The increase in profit is primarily attributable to: (i) that the economic environment is still in favour of fine chemical industry in the PRC which provided good market conditions for the products of the Group resulting in a notable increase in revenue of the Group; and (ii) that the Group further optimised its overall productivity and efficiency by streamlining its production activities, thereby containing its costs of production effectively and improving its gross profit and gross profit margin substantially.