United Strength Power Holdings Limited based on the Board's preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, the net profit of the Group for the six months ended 30 June 2022 is estimated to be not more than RMB 10 million which
represented a year-on-year decrease of not less than approximately 90% (the first half of 2021: approximately RMB 116.0 million). Based on information currently available to the Board, the Board considers that the decline in net profit is primarily attributable to (i) the decrease in the sales volume of petroleum products which was due to the significant reduction in the use of motor vehicles and public transportations during the outbreak of COVID-19 in Jilin Province and (ii) the decrease in gross profit margin which was due to the increase in the unit cost of procurement of the Group's products in first half of 2022.