Meibang Clothing: It is expected that the net profit in the first half of 2025 will decrease by 90.88%-86.98% compared to the same period.

Meibang Clothing Announcement: It is expected that the net profit attributable to shareholders of the listed company from January 1, 2025 to June 30, 2025 will be between 7 million and 10 million yuan, a year-on-year decrease of 90.88% to 86.98%. The net profit after deducting non-recurring gains and losses is expected to be between 650,000 and 950,000 yuan, a year-on-year decrease of 91.99% to 88.30%. Basic earnings per share is 0 yuan/share. The main reasons for the performance change are a significant increase in credit impairment losses in the current period compared to the same period of the previous year, as well as the disposal of Southern Chang properties by the company in the same period of the previous year, resulting in a large gain from the disposal of assets, which is not included in the current period.