Vixtel Technologies Holdings Limited provided earnings guidance for the period of six months ended 30 June 2022. For the period company expects record a net loss in the range of approximately RMB 3.0 million to RMB 3.5 million for the Interim Period as compared to the net profit of approximately RMB 3.0 million for the six months ended 30 June 2021. Such expected net loss of the Group for the Interim Period is mainly attributable to the following reasons: the Group continued to increase its headcount in product and service divisions as well as in research and development division during the Interim Period in order to improve its competitiveness in 5G related business; the Group also increased its headcount in administration division during the Interim Period for the need of further business developments; and the Group recorded an equity-settled share award expense of approximately RMB 1.8 million during the Interim Period but no such expense was incurred in the Preceding Period.