China Saftower International Holding Group Limited provided earnings guidance for the three months ended March 31, 2022. For the period, the Group is expected to record a net loss of approximately RMB 4.3 million for 3 months 2022, representing an increase in net loss of approximately RMB 1.4 million as compared to a net loss of approximately RMB 2.9 million for the three months ended 31 March 2021. The increase in net loss was mainly attributable to the substantial increase in cost of raw materials, which caused a decrease in gross profit of approximately RMB 4.6 million; and the decrease in gross profit margin due to the increase in the cost of sales during 3 months 2022.