China Technology Industry Group Limited provided earnings guidance for the three months ended 30 June 2022. The Group is expected to record a revenue of approximately RMB 26.9 million for the three months ended 30 June 2022, representing an increase in revenue of approximately 176.3% as compared with the revenue of approximately RMB 9.7 million for the three months ended 30 June 2021. The gross profit margin dropped from approximately 16.7% for 2021 first quarter to approximately 3.1% for 2022 first quarter.

As a result of the above, it is expected that the Group will record a loss attributable to the owners of the Company for 2022 first quarter of approximately RMB 3.3 million, as compared to a loss attributable to owners of the Company for 2021 first quarter of approximately RMB 0.5 million.