Da Ming International Holdings Limited provided earnings guidance for the year ended December 31, 2022. For the year ended December 31, 2022, the group is expected to record a net loss of not less than RMB 140 million for the year ended 31 December 2022 as compared with a net profit of approximately RMB 528 million for the year ended 31 December 2021. The expected net loss is mainly due to the following factors: the adverse impact of the COVID-19 pandemic during the period causing a decrease in the Group's production efficiency; and the decrease in the market price of steel materials during the period.