China Saftower International Holding Group Limited provided earnings guidance for the nine months ended September 30, 2021. For the period, the company expected to record a net loss of approximately RMB 6.9 million, representing an increase in net loss of approximately RMB 5.7 million as compared to a net loss of approximately RMB 1.2 million for the nine months ended September 30, 2020. The increase in net loss was mainly attributable to the decrease in gross profit of approximately RMB 17.6 million and the decrease in gross profit margin due to the increase in the cost of raw materials; the increase of allowance for expected credit loss on trade receivables of approximately RMB 0.3 million; and the increase of staff cost of approximately RMB2.0 million as compared to the corresponding period in 2020.