Tian Ge Interactive Holdings Limited provided earnings guidance for the six months ended 30 June 2022. For the six months, the company expected to record a consolidated net loss from continuing operations of approximately RMB 313.2 million for the six months ended 30 June 2022 (the "Relevant Period") (the corresponding period of last year: consolidated net profit from continuing operations of RMB 122.1 million). The Board considers that the above turn from profit to loss was mainly attributable to the impact of a number of unfavorable factors such as the Federal Reserve of the United States tightening its monetary policy, the Russian-Ukrainian war and the resulting geopolitical tensions, and rising risk of delisting of Chinese stocks listed in the United States, and the overall under-performance of the global financial investment markets, which led to extreme volatility to capital markets and asset prices in the first half of 2022, resulting in the significant net fair value loss with total amount of RMB238.2 million on the Group's structured notes, fund investments, equity investments in private unlisted companies, investments in wealth management products, listed equity securities, derivatives held for trading, convertible promissory notes and other financial instruments, compared to a fair value gain of RMB161.8 million for the six months ended 30 June 2021.