Chengdu SIWI Science and Technology Company Limited provided earnings guidance for the year ended December 31, 2022. For the period, the group is expected to record a net profit of approximately RMB 1.59 million and a net loss attributable to the owners of the Company of approximately RMB 2.22 million during the Period, as compared to the net loss of approximately RMB 57.63 million and a net loss attributable to the owners of the Company of approximately RMB 52.27 million for the year ended 31 December 2021. The expected reduction in loss was mainly attributable to the increase in gross profit of principal business activities of the Group due to the establishment of cable assembly business and the increase in sales volume and average sales price of optical fiber products as a result of the improvement in market sentiment of the optical fiber market during the Period, thus achieving a year-on-year increase of approximately 13.71% in gross profit margin and a year-on-year increase of approximately 1,400.27% in profits from the optical fiber business.