Sinosoft Technology Group Limited provided unaudited earnings guidance for the six months ended June 30, 2021. The company Group is expected to record a net loss attributable to owners of the company of not more than RMB 40 million for the six months ended 30 June 2021, as compared to a net profit attributable to owners of the company of approximately RMB 79.2 million for the six months ended 30 June 2020. Based on the information currently available to the Board, the decline in the overall financial results of the Group for the six months ended 30 June 2021 was principally attributable to (i) the decrease in revenue subsequent to the Group's disposal of the export enterprise cloud-based software and services business for the year ended 31 December 2020; (ii) the one-off expense incurred by the grant of awarded shares to certain employees as further detailed in the company announcement dated on 25 January 2021; and (iii) the increase in research and development cost in low carbon & ecology and government big data businesses. With the significant industry opportunities from China's reaching carbon peak by 2030 and carbon neutrality by 2060, the Group has to conduct more in-depth research for low carbon & ecology business, and relevant products and services need to have major updates. Also, the Group has been actively invested in research of applying blockchain technology in the area of government big data. The Group believes the intensified research and development investment in these areas will lay a solid foundation for the Group's future growth in a long run.