Changsha Broad Homes Industrial Group Co., Ltd. provided earning guidance for the year ended December 31, 2021. The board of directors of the Company hereby informed the shareholders of the Company and potential investors that, based on the preliminary assessment made by the management of the Company on the unaudited consolidated management accounts of the Group for the year ended December 31, 2021 and the information currently available to the Group, the Group is expected to record profit of approximately RMB 20 million to RMB 45 million, as compared to the profit of approximately 216.42 million, which was mainly due to (i) increased sales volume with decreased selling price of the PC unit manufacturing business; (ii) increase in raw material prices; and (iii) a large amount of provision for bad debt during the Period.