China Renewable Energy Investment Limited provided earning guidance for the four months ended 30 April 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the Group for the four months ended 30 April 2022, the Group is expected to record an over 70% reduction in the unaudited consolidated net
profit for the four months ended 30 April 2022 as compared to the unaudited consolidated net profit for the previous corresponding four months ended 30 April 2021. Such reduction in net profit was primarily due to lower than expected wind resources in the first quarter of this year and losses from the depreciation of the Renminbi compared to gains in the comparable period last year.