Sunfonda Group Holdings Limited provided group earnings guidance for the year ended December 31, 2021. The board of directors of the company hereby informs the shareholders of the company and potential investors that, based on a preliminary assessment of the consolidated management accounts of the Group and other information currently available to the Board, the Group is expected to record a profit attributable to owners of the parent of not less than RMB 341 million for the year ended 31 December 2021, representing an increase of not less than 135% as compared to the profit attributable to owners of the parent (being RMB 145.2 million) for the year ended 31 December 2020. The expected increase in the profit attributable to owners of the parent for the year ended 31 December 2021 was mainly due to the strong demand for luxury automobile brands.

The Group utilized its regional and structural edges of automobile brands to seize market development opportunities, resulting in continuous enhancement of operational quality and efficiency; and the Group optimized its resources and recorded a one-off proceeds from the disposal of the minority interests in a company which was not engaged in main business.