The board of directors (the "Board") of Shanghai Dazhong Public Utilities(Group) Co.,Ltd. announces that, it is estimated that the Company will record unaudited net loss attributable to the owners of the parent company of between RMB 285,000,000 to RMB 405,000,000 for the year from 1 January to 31 December 2022 ("FY2022"); and it is estimated that the Company will record net profit attributable to the owners of the parent company, net of non-recurring gains and losses of between RMB 240,000,000 to RMB 360,000,000 for FY2022. The Company's unaudited net profit attributable to the owners of the parent company for the corresponding period of 2021 amounted to RMB 303,356,200; net profit attributable to the owners of the parent company, net of non-recurring gains and losses amounted to RMB 342,864,800; and earnings per share amounted to RMB0.102748. The Company is expected to incur net loss for FY2022.