The board of Chengdu PUTIAN Telecommunications Cable Company Limited informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited management accounts of the Group for the six months ended 30 June 2022 and information currently available to the Board, the Board expects to record a net profit attributable to the owners of the Company of approximately RMB 4.2 million for the Period as compared to a net loss attributable to the owners of the Company of approximately RMB 17.8 million for the six months ended 30 June 2021. The turnaround of the Group's loss to profit attributable to the owners of the Company was principally attributable to the increase in operating profit of the Company and its subsidiaries, Chengdu SEI Optical Fiber Co. Ltd. and Chengdu Zhongling Radio Communications Co.

Ltd. for the Period as compared to the Previous Period, due to the increase in selling price of the relevant products as a result of favorable market conditions for the optical telecommunication industry.