Sling Group Holdings Limited provided earnings guidance for the year ending December 31, 2021. For the period, the company expects to report a net loss of not less than approximately RMB 10.0 million (excluded impairment
losses on trade and other receivables, net and write-down of inventories to net realisable
value) for the year ended 31 December 2021 as compared with the audited net loss of
RMB 16.9 million for the year ended 31 December 2020. The expected decrease in net loss was mainly attributable to the combined effect of the
following factors: increased revenue in women's handbags by benefiting from growing local
consumption in China as the negative impact of coronavirus has diminished; and rising selling expense in the sale commission paid for key opinion leaders related to
live-streaming online sales for women's handbags.