Pacific Online Limited provided earning guidance for the six months ended 30 June 2022. The board of directors of the Company informed the shareholders of the Company (the 'Shareholders') and potential investors that based on the information currently available to the Board, the Group is expected to record a net loss attributable to equity holders in the range of approximately RMB 10 million to RMB 15 million for the six months ended 30 June 2022 as compared to a net profit of approximately RMB 39 million for the corresponding period in 2021. The Board considers that the expected decrease was mainly attributable to (i) fair value loss of a passive equity investment of a fund, investing in internet related companies, block chain-related technologies companies and crypto currencies; and (ii) a continued downturn in marketing spend in automobile and electronics industries, the main source of revenue for the Group.