The board of directors of Tenfu (Cayman) Holdings Company Limited provided earnings guidance for the year ended 31 December 2022 is expected to record a decline by approximately 40% to 50% as compared with that for the year ended 31 December 2021. Based on the information currently available, the Board considers that the abovementioned expected decline was mainly attributable to the drop in revenue by approximately 10% to 20% as compared with that for the year ended 31 December 2021, mainly due to significant negative impact of coronavirus disease, the partial suspension of the Group's factories and physical stores in various cities of China brought by the strict pandemic control and lockdown measures as a result of the resurgence of COVID-19 pandemic in various parts of China.