Weigang Environmental Technology Holding Group Limited provided earnings guidance for the six months ended June 30, 2022. For the period, the company expects to record a net loss attributable to owners of the Company within the range of approximately RMB 25.7 million to RMB 29.7 million for the six months ended 30 June 2022 as compared to a net loss attributable to owners of the Company of RMB 17.6 million of the corresponding period in 2021. Such expected loss was mainly attributable to the impairment loss of Qingchuan pyrolysis project within the range of approximately RMB 17.3 million to RMB 21.3 million accrued for the six months ended 30 June 2022, which was based on the independent third party
valuer's preliminary assessment result.