Fenbi Ltd. provides earnings guidance for the six months ended June 30, 2023. The Group is expected to record (i) a revenue of not less than RMB 1,660 million for the six months ended June 30, 2023, representing an increase of not less than 14.4% as compared to the revenue of approximately RMB 1,451 million for the same period last year, and (ii) a net profit of not less than RMB 65 million for the six months ended June 30, 2023, compared to a net loss of approximately RMB 391.8 million for the same period last year, thereby achieving a turnaround from loss to profit. In addition, the adjusted net profit (non-IFRS measure), which is defined as profit for the period excluding share-based payments, fair value losses on financial liabilities at fair value through profit or loss, loss on settlement of financial liabilities at fair value through profit or loss, and listing expenses, is expected to be not less than RMB 270 million for the six months ended June 30, 2023, compared to the adjusted net profit (non-IFRS measure) of approximately RMB 95.6 million for the same period last year.