Modern Avenue Group Co.Ltd(002656) : performance forecast for 2021

2021 annual performance forecast

Securities code: 002656 securities abbreviation: St modern Announcement No.: 2022-006 Modern Avenue Group Co.Ltd(002656)

2021 annual performance forecast

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Expected performance of the current period

1. Performance forecast period: January 1, 2021 to December 31, 2021

2. Estimated operating performance (compared with the same period of last year):

√ loss \uf0f0\uf020 turning loss into profit \uf0f0 rising in the same direction \uf0f0\uf020 falling in the same direction \uf0f0 others

The current reporting period of the project is the same period of last year

Loss attributable to shares of listed companies: 24-16 million yuan, 7.3175 million yuan. The net profit of Dongdong decreased by 428% – 319% over the same period of last year

Deducting non recurring profit and loss: 90.6 million yuan to 82.6 million yuan

The net profit increased by 62% – 65% – 238443800 yuan over the same period of last year

Basic earnings loss per share: 0.0337 yuan / share – 0.0225 yuan / share, 0.0103 yuan / share

2、 Communication with accounting firms

The company has made pre communication with the accounting firm on the performance forecast, and there is no difference between the company and the accounting firm on the financial data related to the performance forecast.

This performance forecast has not been pre audited by an accounting firm.

3、 Explanation of performance change reasons

During the reporting period, the net profit attributable to the shareholders of the listed company decreased compared with the same period of the previous year, mainly due to: (I) the business shutdown of the subsidiary Wuhan Yueran Heart Network Technology Co., Ltd. during the reporting period;

2021 annual performance forecast

(II) in the same period of last year, the disposal of the headquarters building, the sale of subsidiaries and the first instance judgment of some cases increased the non operating income and net profit of the company in the current year. As the above non operating income is not sustainable, the net profit attributable to the shareholders of the listed company in this year decreased compared with the same period of last year.

4、 Risk tips

1. In 2021, the company invested in Nanjing Jiayuan New Energy Vehicle Co., Ltd. (hereinafter referred to as “Nanjing Jiayuan”) through the holding Sun company Foshan Taiyuan No. 1 equity investment partnership (hereinafter referred to as “the fund”). Due to the dispute over the right to know of shareholders between the two sides, the fund has filed a lawsuit against Nanjing Jiayuan, For details, please refer to the announcement on litigation involving foreign investment of holding subsidiaries (Announcement No.: 2021-138) disclosed by the company on November 9, 2021.

Nanjing Jiayuan failed to provide timely information on its financial situation, operation and the progress of related party liquidation and business integration, which may cause uncertainty to the audit results of the annual report of the listed company.

2. This performance forecast is the result of the preliminary calculation of the company’s financial department. The specific data of 2021 performance will be disclosed in detail in the company’s 2021 annual report. The information disclosure media designated by the company are China Securities News, securities times, securities daily and cninfo (www.cn. Info. Com. CN), Please pay attention to relevant announcements and pay attention to investment risks.

It is hereby announced.

Modern Avenue Group Co.Ltd(002656) board of directors January 25, 2022

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