The board (Board) of directors (Directors) of the LongiTech Smart Energy Holding Limited informs the shareholders of the Company (Shareholders) and potential investors that, based on the preliminary review of the unaudited consolidated management account of the Group for the year ended 31 December 2021 (the year 2021'') and the information currently available to the Group, the Group is expected to record a net loss of approximately RMB 25,000,000 to RMB 35,000,000 attributable to owners of the Company in Year 2021, while there was a net profit of approximately RMB 1,064,000 attributable to owners of the Company in year ended 31 December 2020 (Year 2020'').