MEIGU Technology Holding Group Limited announced that the shareholders of the company and potential investors that based on the preliminary review of the unaudited financial results of the Group for the six months ended 30 June 2021, the net profit of the Group attributable to owners of the company for the six months ended 30 June 2021 is expected to reduce by not less than 80% as compared to that of approximately RMB 2.9 million for the corresponding period in 2020. The Board believes that the Reduction in Net Profit was primarily attributable to the reduction in the sales in overseas markets for the six months ended 30 June 2021 by not less than 20% as compared to that of approximately RMB 15.3 million for the corresponding period in 2020 due to the higher import tariffs imposed by the government of the United States of America.