China Saftower International Holding Group Limited provided unaudited consolidated earnings guidance for the nine months ended 30 September 2022. For the period, the Group is expected to record a net loss of approximately RMB 27.7 million, representing an increase in net loss of approximately RMB 20.8 million as compared to a net loss of approximately RMB 6.9 million for the nine months ended 30 September 2021. The increase in net loss for nine month of 2022 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 12.9 million, and increase of finance cost of approximately RMB 3.9 million during nine months of 2022.