BetterLife Holding Limited provided consolidated earnings guidance for the six months ended June 30, 2022. The Group is expected to record a decrease of no more than 35% in the profit attributable to owners of the Company, as compared to the unaudited profit attributable to owners of the Company of approximately RMB 209.1 million recorded for the six months ended June 30, 2021. The expected decrease in the Group's profit was mainly due to the decrease in revenue and gross profits for the Period, as compared to the corresponding period in 2021.

During the Period, operations have been negatively affected by regional outbreaks and public health control measures at the cities which the Group has 4S dealership stores in operation, resulting in a decline in the operating results of the Group in the first half of 2022 as compared to the same period in 2021.