Icon Culture Global Company Limited provided earning guidance for the three months ended 31 March 2022. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2022 and information currently available to the Board, the Group is expected to record a net profit of not less than RMB 1.2 million for the Period (the three months ended 31 March 2021: RMB 5.4 million). The decrease was mainly due to (i) the decrease in revenue generated from traditional offline media advertising services which has higher profit margin as some of the customers that were affected by the COVID-19 pandemic had substantially reduced their traditional offline media advertising budget during the Period; and (ii) the increase in staff costs and rental expense as the Group continued to expand the service capabilities for live-streaming e-commerce business.