Fulu Holdings Limited provided earnings guidance for the year ended December 31, 2021. It is expected that gross merchandize value ("GMV")Note 1 of digital goods of the Group for the Current Year will increase by approximately 40% to 60% as compared to the same period in 2020, and the revenue recorded will increase by approximately 15% to 30%, which is primarily driven by the business growth in three segments covering the leisure and entertainment, telecommunications and lifestyle. However, the Group's profit for the year is expected to decrease by approximately 30% to 50% in the Current Year as compared to the same period in 2020.

The change in profit for the year was mainly attributable to the significant increase of recognition of share-based payment expenses in the Current Year based on the accounting standards applicable to the Company as a result of the grant of the Company's shares to the core personnel of the Group by the controlling shareholders of the Company during the Current Year.