Aoxin Q & M Dental Group Limited provided earnings guidance for the year ended December 31, 2022. The Group is expected to report a higher net loss after tax for FY2022, as compared to the net loss after tax of approximately RMB 7.3 million for the previous financial year ended 31 December 2021. Based on the information currently available to the Company, the expected increase in net loss after tax for financial year 2022 as compared to financial year 2021 was mainly attributable to (i) increase in operational losses as a result of lesser patients and closure of dental hospitals and polyclinics in China due to Covid, (ii) reduction in associate company's business in Covid PCR testing and (iii) potential impairment losses on goodwill and/or investment in associate.