Zhi Sheng Group Holdings Limited provided preliminary consolidated earnings guidance for the fifteen months period ended March 31, 2022. For the period, the group expects to record an increase of more than 30% in loss attributable to the owners of the Company as compared to the corresponding period last year, mainly attributable to administrative expenses, amounting to more than RMB 14 million, recognized by equity-settled share-based accounting method as a result of the grant of share option by the Company during the Reporting period; revenue realized from the furniture segment decreased by more than 7% as compared to the corresponding period last year, because the majority of potential customers were cautious in purchasing or postponing the replacement of furniture products, resulting in fewer new sales orders being placed; provision for loss of inventories of furniture segment increased approximately 2 times as compared to the corresponding period last year; and impairment loss on trade and other receivables of the furniture segment increased by about 1.3 times as compared to the corresponding period last year. Besides, the data centre segment began to recognize revenue related to buildout management projects according to the project progress.

Excluding the amortization of intangible asset arising from the acquisition of the data centre business, it is expected that financial results of the data centre segment will have a positive impact on the Group's financial performance.