China Digital Video Holdings Limited provided unaudited consolidated earnings guidance for the nine months ended September 30, 2021. For the nine months, it is expected that the Group will record a net loss of over RMB 57.7 million for the nine months ended 30 September 2021 as compared to a net loss of approximately RMB 33.9 million for the nine months ended 30 September 2020. The expected loss for the 2021 First Three Quarter Period is primarily attributable to (i) an increase in expenses caused by the absence of social insurance exemption policy during the period; and (ii) a decline in the gross margin of the traditional media industry because of fierce competition from the new media.