The board of directors of the China Boqi Environmental (Holding) Co., Ltd. informed the shareholders of the Company and potential investors that, based on the preliminary review by the Board of the unaudited condensed consolidated interim results of the Group for the six months ended 30 June 2022 (the "2022 Interim Results") and the information currently available, the Group is expected to record a decrease in the revenue from RMB 927 million for the six months ended 30 June 2021 to the range of RMB 700 million to RMB 750 million for six months of 2022; a decrease in the profit for the period from RMB 163 million for six months of 2021 to the range of RMB 2 million to RMB 5 million for six months of 2022.