YuanShengTai Dairy Farm Limited provided earning guidance for the year ended 31 December 2022. The board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that, based on the Board's preliminary review of the latest unaudited consolidated management accounts of the Group for the year ended 31 December 2022 (the "Current Year"), and the information currently available to the Board, the Group is expected to record a net profit ranging from approximately RMB 15 million to RMB 25 million for the Current Year, as compared to a net profit of approximately RMB 157 million for the year ended 31 December 2021 (the "Corresponding Year"). The Board is of the view that the expected decrease in net profit was mainly attributable to the increase in the price of hay feed, as compared to that of the Corresponding Year.