Exhibit 99.1

METEN HOLDING GROUP LTD

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In thousands of RMB, except share data and per share data, or otherwise noted)

	December 31, 2020		September 30, 2021
	RMB’000		RMB’000		US$’000
ASSETS
Current assets
Cash and cash equivalents		90,115		279,920		43,443
Contract assets		6,194		3,193		496
Accounts receivable, net		27,013		13,043		2,024
Other contract costs		47,125		27,011		4,192
Prepayments and other current assets		50,658		39,094		6,067
Amounts due from related parties		7,934		4,500		698
Prepaid income tax		14,460		13,825		2,146
Total current assets		243,499		380,586		59,066
Non-current assets
Restricted cash		10,358		8,715		1,353
Other contract costs		9,316		19,427		3,015
Equity method investments		24,552		30,632		4,754
Property and equipment, net		146,891		113,429		17,604
Operating lease right-of-use assets		322,559		249,219		38,678
Intangible assets, net		19,337		15,114		2,346
Deferred tax assets		6,997		3,906		606
Goodwill		274,567		242,962		37,707
Long-term prepayments and other non-current assets		40,754		34,583		5,369
Total non-current assets		855,331		717,987		111,432
Total assets		1,098,830		1,098,573		170,498

	December 31, 2020		September 30, 2021
	RMB’000		RMB’000		US$’000
Current liabilities
		17,013		19,765		3,067
Bank loans		133,900		18,350		2,848
Deferred revenue		341,934		281,748		43,727
Salary and welfare payable		67,609		50,594		7,852
Financial liabilities from contracts with customers		384,561		308,607		47,895
Accrued expenses and other payables		46,030		14,952		2,321
Income taxes payable		267		409		63
Amounts due to related parties		50,192		-		-
Current operating lease liabilities		131,151		108,362		16,818
Total current liabilities		1,172,657		802,787		124,591
Non-current liabilities
Deferred revenue		46,927		53,291		8,271
Deferred tax liabilities		7,661		5,198		807
Operating lease liabilities		200,409		142,164		22,064
Non-current tax payable		33,718		33,885		5,259
Total non-current liabilities		288,715		234,538		36,401
Total liabilities		1,461,372		1,037,325		160,992

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	December 31, 2020			September 30, 2021
	RMB’000			RMB’000			US$’000
Shareholders’ equity (deficit)
Ordinary shares		37			132			20
Additional paid-in capital		557,535			1,326,229			205,828
Accumulated deficit		(936,247	)		(1,272,973	)		(197,562	)
Total equity (deficit) attributable to shareholders of the Company		(378,675	)		53,388			8,286
Non-controlling interests		16,133			7,860			1,220
Total equity (deficit)		(362,542	)		61,248			9,506
Commitments and contingencies		-			-			-
Total liabilities and shareholders’ equity (deficit)		1,098,830			1,098,573			170,498

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