China Environmental Technology and Bioenergy Holdings Limited provided group earnings guidance for the six months ended June 30, 2022. For the six months, the Group is expected to record a decrease in net profit of approximately 50% for the six months period ended 30 June 2022 as compared to the profit of approximately RMB 4.2 million recorded for the six months period ended 30 June 2021. The Board considers that such decrease in net profit was mainly attributable to decrease in gross margin of the Group's products during the period.