China Saftower International Holding Group Limited provided group earnings guidance for the year ended 31 December 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 year ended 31 December 2022 and the information currently available to the Board, the Group is expected to record a net loss not less than RMB 22.1 million for fiscal year 2022, the net loss was mainly attributable to the substantial increase in the cost of raw materials, which caused the Group to record a gross loss of approximately RMB 15.5 million during fiscal year 2022.