Zhi Sheng Group Holdings Limited provided group earnings guidance for the nine months ended September 30, 2021. The board of directors of the company inform the shareholders and potential investors of the company that, based on the preliminary assessment of the information currently available, the Group expects to record an increase of more than 70% in loss attributable to the owners of the Company for the nine months ended 30 September 2021 as compared to the corresponding period last year. The significant increase in loss is mainly attributable to: administrative expenses, amounting to approximately RMB 10 million, recognized by equity-settled share-based accounting method as a result of the grant of share options by the Company during the Reporting Period; revenue realized from the furniture segment decreased by more than 20% as compared to the corresponding period last year, because the majority of potential customers were cautious in purchasing or postponing the replacement of furniture products, resulting in fewer new sales orders being placed; provision for loss of inventories of the furniture segment increased approximately 2 times as compared to the corresponding period last year; and expected credit loss of the trade receivables of the furniture segment increased by more than 130% as compared to the corresponding period last year.