China Environmental Technology and Bioenergy Holdings Limited provided earnings guidance for the year ended 31 December 2021. The board of directors of the Company shareholders of the Company and potential investors that, based on the information currently available to the Board, the Group is expected to record a profit approximately RMB 40.0 million for the year ended 31 December 2021 as compared to the net loss recorded for the year ended 31 December 2020. The Board considers that such profit was mainly attributable to improvement in gross profit margin of the Group's products.