Fire Rock Holdings Limited provided unaudited earnings guidance for the six months ended 30 June 2024. The board of directors of the Company would like to inform the shareholders (the Shareholders) and potential investors of the Company that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2024 (the Relevant Period) (the management accounts are not yet reviewed or audited by the auditor of the Company, nor confirmed by the audit committee of the Company) and the information currently available to the Company prior to the publication of this announcement, the Board is of the view that the unaudited revenue and other income and gains of the Group for the Relevant Period are expected to decrease by approximately over 90% as compared to the same period in 2023. The Board is of the view that the decrease in the financial performance of the Company was mainly attributable to (i) a decrease in unaudited revenue due to the impact of the market environment (including the change of exchange rate) and the general economic conditions of the industry; and (ii) a significant decrease in unaudited other income of the Company.

As stated in the announcement of the Company dated 30 June 2023, each of the vendors in respect of the acquisition of Tak Shing International Holdings Limited agreed to surrender the promissory notes to the Company and give up the right to the outstanding principal amount totaling to RMB491,670,000 and their respective interest payables totaling to RMB 37,416,825 as at 30 June 2023, which led to a significant increase in overall profit for the six months ended 30 June 2023. Since the income from the surrender of promissory notes is of one-time non-recurring nature and was recorded in the six months ended 30 June 2023, the Group's unaudited revenue and other income for the Relevant Period therefore decreased significantly in comparison.