Zhi Sheng Group Holdings Limited provided earnings guidance for the eighteen months period ended 30 June 2022. For the period, the company expects to record an increase of more than 160% in loss attributable to the owners of the Company mainly attributable to (1) administrative expenses, amounting to approximately RMB16.53 million, recognized by equity-settled share-based accounting method as a result of the grant of share option during the Reporting period; (2) the share-based payment expenses generated by the issue of convertible bonds during the Reporting Period, amounting to approximately RMB13.80 million; (3) the recognition of expenses upon preliminary assessment of goodwill impairment, amounting to approximately RMB5.6 million; (4) under the raging COVID-19 epidemic and the deep downturn in the office furniture industry, the majority of potential customers were cautious in purchasing or postponing the replacement of furniture products, resulting in fewer new sales orders being placed. As this report covered eighteen months, the sales income decreased by approximately 11.3% year-on-year after calculating the average monthly sales income despite the overall sales income of the furniture segment increased by approximately 33.6% as compared with the audited last year; (5) the provision for loss of inventories of furniture segment increased approximately 3.2 times as compared to the audited last year; (6) the impairment losses on trade and other receivables and prepaid accounts of the furniture segment were expected to increase by more than 3.6 times as compared to the audited last year; and (7) the financing costs due to the issue of convertible bonds increased by approximately 1.1 times as compared to the audited last year.