Sinotruk (Hong Kong) Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2022. For the period, the company expected to record a decrease in the profit attributable to owners of the Company by 62% to 68% as compared to the profit attributable to owners of the Company of approximately RMB 3,623 million for the six months ended June 30, 2021. Based on the information available to the Board, the Board considers that such expected decrease in the profit was mainly attributable to factors such as the economic slowdown and the disrupted logistics due to the complicated and fluctuating Covid -19 pandemic situations, which together resulted in a significant year-on-year drop in truck demand in the People's Republic of China and, in turn, resulted in a relatively large drop in sales volume of the Group's trucks.