Xinfengming issued a pre-reduction announcement

Xinfengming issued a pre-reduction announcement on the half-year performance of 2022 on July 15, 2022. The company expects to achieve a net profit of 390-430 million yuan attributed to the owner of the parent company in 2022, a decrease of 67.51%-70.54% over the same period of last year. The net profit belonging to the owner of the parent company after deducting non-recurring profits and losses is estimated to be 378-412 million yuan, a year-on-year decrease of 68.24%-70.86%