ZZ Technology Group Company Limited provided group earnings guidance for the year ended March 31, 2022. For the year, the company's Group expects to record a net profit attributable to owners of the Company in the range of approximately RMB 80 million to RMB 90 million for the year ended March 31, 2022 as compared to that of approximately RMB 26.2 million recorded in the corresponding period in the preceding year. The increase in profit was mainly attributable to the profit generated from KingNine Holdings Limited and its subsidiaries during the Year after the completion of the acquisition of KingNine Group took place on October 15, 2020.

Following the completion of the Acquisition, KingNine has become a wholly-owned subsidiary of the Company and the financial results, assets and liabilities of the KingNine Group have been consolidated into the consolidated financial statements of the Company.