YCIH Green High-Performance Concrete Company Limited provided consolidated earnings guidance for the six month ended June 30, 2021. The board of directors of the company hereby informs the shareholders of the company and potential investors that based on the preliminary assessment of the Group's unaudited consolidated management accounts for the six months ended June 30, 2021 and information currently available to the Group, the Group's profit before income tax for the Period decreased by approximately 85% from the profit before income tax of approximately RMB 159 million for the six months ended June 30, 2020, primarily because (1) in the first half of 2021, although the Group's business with independent third parties has increased as compared to the same period in 2020, due to factors such as the conclusion of the 13th Five-Year Plan and the poverty alleviation, the resumption of work and production following the COVID-19 pandemic in 2020, the poverty-alleviation relocation projects (such as the Qiaojia immigration relocation project) and a number of highway projects (including Yuanjiang-Manhao Highway, Mile-Yuxi Highway, Dakaimen-Gasa Highway, Guangnan-Nasa Highway, Shangri-la-Lijiang Highway, etc.) undertaken by the Group perviously were completed or entered the final stage gradually in the second half of 2020 and the first half of 2021, resulting in the demand of concrete (especially high-grade concrete) for the aforementioned projects dropping significantly during the Period as compared with the same period in 2020; and (2) for the highway projects for which the Group intends to supply concrete in the first half of 2021, as the newly confirmed COVID-19 cases in Yunnan Province, the delayed commencement of the projects and the time-consuming preparatory work, the projects have not yet or entered the construction stage late, so the supply of concrete has decreased significantly during the Period as compared with the same period in 2020.