China Cinda Asset Management Co., Ltd. provided consolidated earnings guidance for the year ended December 31, 2022. For the year, the company's Group's net profit attributable to equity holders of the Company for the year ended December 31, 2022 will decrease by approximately 40% to 50% as compared to the corresponding period in 2021. The Company believes that the above changes are mainly due to: (1) the impact of significant volatility in the capital market, which resulted in a decrease in the valuation of certain financial assets measured at fair value held by the Group, and led to a significant unrealized loss in fair value changes; (2) the impact of the COVID-19 pandemic and changes in market conditions, which resulted in a decrease in the Company's income from distressed debt assets at amortized cost; and (3) the impact of changes in the macroeconomic situation, the Company has increased the provision for credit risk, aiming to cope with the greater pressure on the quality of certain financial assets at amortized cost held by the Company.