Qinqin Foodstuffs Group (Cayman) Company Limited provided earnings guidance for the year ended December 31, 2021. It is expected that the Group may record an approximate 9% increase in revenue for the year ended 31 December 2021 as compared to 2020. While the Board expects an increase in revenue for the year ended 31 December 2021, it is expected that the Group would record a loss of approximately RMB 81 million for the year ended 31 December 2021 as compared to a consolidated net profit of approximately RMB18 million in 2020.