Shenyang Public Utility Holdings Company Limited provided consolidated revenue guidance for the six months ended 30 June, 2022, based on the preliminary review of the Group's unaudited consolidated management accounts, the Group expects to record a substantial decrease of approximately 98% in revenue for the Period as compared to the revenue of RMB 43,373,000 for the six months ended 30 June 2021. The Board considers that the decrease in revenue was mainly attributable to the delay of the recognition of the revenue from the construction of infrastructure and development of properties in the People's Republic of China due to the Covid-19 pandemic.