Shanghai Dasheng Agriculture Finance Technology Co., Ltd. provides earnings guidance for the six months ended 30 June 2022. The Group is expected to record a loss of approximately RMB 81 million, representing an increase of approximately RMB 11 million as compared with the same period over last year. The board of directors of the Company (the "Board") believes that the main reason for the increase in loss is the combined effect of (i) a loss of profit of approximately RMB 49.9 million (including finance cost) due to the de-consolidation of the financial results of Anhui Huaxing Chemical Industry Company Limited and its subsidiaries from the Group from 13 August 2021 onwards; and (ii) there is no loss on disposal of subsidiaries for the six months ended 30 June 2022, while the Company recorded a loss on disposal of subsidiaries of approximately RMB 38.2 million for the same period last year.