The board of directors of the Shenghua Lande Scitech Limited announced that, based on the preliminary review by the Company's management of the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2022, the Group is expected to record a net loss attributable to owners of the Company of approximately RMB 20,380,000 for the Relevant Period as compared to a net loss attributable to owners of the Company of approximately RMB 13,485,000 for the corresponding period in the year 2021, representing an approximately 51.13% increase. Based on the relevant information currently available to the Company, the Board considers that the anticipated substantial increase in the net loss attributable to owners of the Company for the Relevant Period was mainly attributable to the reason as mentioned below.