Beijing Beida Jade Bird Universal Sci-Tech Company Limited provided earnings guidance for the year ended 31 December 2023. For the period, the Group expects to record not less than 40% decrease in the consolidated profit for the year ended 31 December 2023 as compared with that of approximately RMB 319.7 million for the year ended 31 December 2022, mainly attributable to the combined effects of the following: the gain on partial disposal of an associate of approximately RMB 365.5 million recorded for the year ended 31 December 2023 as a result of the Group's disposal of 44,900,000 shares of, completion of which took place in May 2023, as compared with the gain on deemed disposal of an associate of approximately RMB 220.2 million recorded for the year ended 31 December 2022 as a result of the dilution of the Group's interest in Jade Bird Fire in 2022; and the substantial increase in the impairment loss on trade and other receivables as compared with that for the year ended 31 December 2022 of approximately RMB 35.9 million, mainly due to the provision of not less than approximately RMB 144.3 million made by the Group for an overdue receivable owing from the purchaser under the Share Transfer. Further details of the Share Transfer are set out in the Company's announcement dated 21 November 2022 and the Company's circular dated 10 March 2023.