Chongqing Machinery & Electric Co., Ltd. provided group earnings guidance for the year ended December 31, 2021. The board of directors of the company informed the shareholders of the company and potential investors that, based on the information currently available to the Board and a preliminary review and assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021, the Group expects that the profit attributable to the shareholders of the company for the year ended 31 December 2021 will increase by approximately 50%-60% as compared to that of the year ended 31 December 2020. The increase is primarily attributable to the Group having seized market recovery opportunities, actively expanded business and increased the operation revenue having strengthened the internal management, reduced cost and increased benefit, and improved the operation efficiency.