Xin Yuan Enterprises Group Limited provided earnings guidance for the year ended December 31, 2021. The board of directors of the Company informed the shareholders of the Company and potential investors that, as compared to a net profit of approximately USD 8.6 million for the year ended 31 December 2020, the Group is expected to record a decrease in net profit, ranging from 75% to 85% for the year ended 31 December 2021 based on the preliminary assessment of the unaudited management accounts of the Group.