China TianYF Holdings Group Limited provided earnings guidance for the year ended December 31, 2022. For the year, the company expected (i) the revenue for the year ended 31 December 2022 to be not less than RMB 250 million (31 December 2021: approximately RMB 118 million); and (ii) the net loss before tax for the year ended 31 December 2022 to be not less than RMB 12 million (31 December 2021: net loss before tax of approximately RMB 17 million). The Board considered that the significant increase in revenue and the decrease in net loss before tax are mainly due to the recognition of the progress income of approximately RMB 200 million for a large-scale municipal project in the Greater Bay Area for wastewater treatment equipment which contributed to the increase in the revenue and the decrease in net loss before tax.