The board of directors of Great Water Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Company for the nine months ended 30 September 2021 and the information currently available, the Group expects the net loss after tax for the Period to be not less than RMB 10 million (net loss after tax for the corresponding period in 2020: RMB 17.33 million). The Board considers that the significant decrease in net loss after tax is mainly due to (1) the increase in the Group's gross profit in the Period as compared to the corresponding period in 2020 as the Group undertook a technical advisory project with a high gross profit margin during the Period; (2) the increase in revenue of the Group during the Period mainly from the segments of provision of equipment supply services and services concession arrangement as compared to the corresponding period in 2020; and (3) the absence of approximately RMB3 million of expenses incurred during the corresponding period in 2020 for upgrading the construction qualification of the Group.