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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . 赤子 城 newborntown NEWBORN TOWN INC . 赤子 城 科技 有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 9911 ) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 The board of directors ( the " Board " ) of Newborn Town Inc. ( the “ Company ” ) is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries ( collectively the “ Group ” ) for the six months ended 30 June 2021 ( the " Reporting Period ” ) . The interim results have been reviewed by the Audit Committee , and by PricewaterhouseCoopers in accordance with International Standard on Review Engagements 2410 “ Review of interim financial information performed by the independent auditor of the entity ” issued by the International Auditing and Assurance Standards Board . PricewaterhouseCoopers's unmodified review report is included in the interim report to be sent to the Shareholders . In this announcement , “ we ” , “ us ” , and “ our ” refer to the Company and where the context otherwise requires , the Group . FINANCE HIGHLIGHT Revenue from contracts with customers for the six months ended 30 June 2021 amounted to RMB1,038.5 million , representing an increase of 590.8 % from RMB150.3 million recorded for the six months ended 30 June 2020 . Gross profit for the six months ended 30 June 2021 amounted to RMB523.0 million , representing an increase of 348.3 % from RMB116.7 million recorded for the six months ended 30 June 2020 . Profit for the period for the six months ended 30 June 2021 amounted to RMB138.4 million , representing an increase of 3,950.2 % from RMB3.4 million recorded for the six months ended 30 June 2020 . Adjusted net profit for the six months ended 30 June 2021 amounted to RMB154.9 million , representing an increase of 729.2 % from RMB18.7 million recorded for the six months ended 30 June 2020 . Adjusted EBITDA for the six months ended 30 June 2021 amounted to RMB176.1 million , representing an increase of 753.2 % from RMB20.6 million recorded for the six months ended 30 June 2020 . 1