China Golden Classic Group Limited provided guidance for three months ended 31 March 2022. For the period the Group is expected to record a loss attributable to the owners of the Company in the range between RMB 3.8 million to RMB 4.5 million, i.e., 41.0% to 67.0%, for the Relevant Period as compared to the loss attributable to the owners of the Company of approximately RMB 2.7 million for the previous corresponding period. The Board considers that such change was mainly attributable to (i) the decline in turnover resulting from the continuous impact of the
COVID-19 pandemic; and (ii) the rise in the price of raw materials and packaging materials.