Beijing Jingcheng Machinery Electric Company Limited provided earnings guidance for the six months ended June 30, 2022. The 2022 interim operating results of the Company are expected to turn from losses into profits. The net profit attributable to shareholders of the Company is approximately RMB 10.0000 million to RMB 11.4500 million, representing an increase of approximately RMB 11.3133 million to RMB 12.7633 million as compared to the corresponding period of the previous year, and an increase of 861.44% to 971.85% as compared to the corresponding period of the previous year.

The estimated profit in the results is mainly due to: the Company's significantly improved sustainable operating capacity by the completion of the acquisition of 80% equity interest in Qingdao BYTQ United Digital Intelligence Co. Ltd. during the reporting period.