Neo-Neon Holdings Limited provided group earnings guidance for the year ended December 31, 2021. The board of directors of company inform the shareholders and potential investors of the company that, based on information currently available, the loss of the group for the year ended 31 December 2021 is expected to increase to more than 900% of the loss recorded by the Group in the previous financial year. Such expected increase in loss is mainly attributable to the following reasons: Based on the latest draft valuation report, the amount of impairment loss recognized in respect of goodwill for the year ended 31 December 2021 was approximately RMB 103 million; Based on the latest draft valuation report, impairment losses of approximately RMB 48 million of other receivables has been made for the year ended 31 December 2021; and Based on the latest draft valuation report, impairment loss of approximately RMB 31 million of loan receivables has been made for the year ended 31 December 2021.