China Ruyi Holdings Limited provided earnings guidance for the year ended 31 December 2021. The board of directors of the Company notify the shareholders and potential investors of the Company that based on the information currently available to the management, it is expected that the Group will record a significant increase in the unaudited net profit to approximately RMB 1.1 to 1.2 billion for the year ended 31 December 2021 from approximately RMB 12.02 million in the same period of 2020, representing approximately 92 to 100 times that of the same period of 2020. In particular, an aggregate of approximately RMB 710 to 740 million represented the fair value gains from the warrants issued in respect of the acquisition of Virtual Cinema Entertainment Limited in early 2021 and the imputed interest income on other borrowings, with a net profit of approximately RMB 500 to 570 million contributed by a marked rise in the revenue from the content production and online steaming sector, and a loss of approximately RMB 90 to 110 million from internet community and manufacturing sectors.