Cybernaut International Holdings Company Limited provided earnings guidance for the six months ended June 30, 2022. Based on the preliminary review on the latest available financial information of the Group for the six months ended 30 June 2022 (the "Current Period") and other information available to the Group, the board (the "Board") of directors (the "Directors") of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that the Group is expected to record a significant drop of turnover and gross profit of more than 50% for the Current Period, as compared to those for the six months ended 30 June 2021 (the "Corresponding Prior Period"). The expected deterioration in the interim results of the Group for the Current Period as compared to the Corresponding Prior Period is mainly due to the complex and difficult business environment faced by the Group during the Current Period as affected by, among others, the latest geopolitical conflicts and high inflation across the globe and the ongoing coronavirus Covid-19 pandemic with the spread of highly contagious Omicron variant and the pandemic-induced mobility restrictions with adverse impacts on the Hong Kong economy.

During the Current Period, there were more marketplace and platform restrictions and logistic hinderment on eCommerce subsidiary business, and additionally confronted with the European economic downturn situations, making the highly competitive eCommerce subsidiary faced with reduced demand for its products. The Group revenue was further reduced because there was no business turnover obtained from suspended subsidiary group engaged in PRC online education for the Current Period due to the PRC regulatory restrictions on online education since July 2021; and the restructuring of the subsidiary group has not yet completed fully to target for a new phase of business development in the Current Period.