Ko Yo Chemical (Group) Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the period, the Group is expected to record a net profit of approximately RMB 202 million for the year ended 31 December 2022, a decrease of approximately 46.7% as compared to a net profit of approximately RMB 379 million for the year ended 31 December 2021. The major reasons for the decreasing in profit in year 2022 were: (1) During the year 2021, there was a gain of RMB 78.7 million due to the disposal of office premise; (2) the effective interest expenses of the convertible bonds increase RMB 67.0 million from RMB 60.7 million in 2021 to RMB 127.7 million in 2022; and (3) the income tax expenses increase RMB 73.7 million from RMB 81.2 million in 2021 to RMB 154.9 million in 2022.