International Business Digital Technology Limited Provides Unaudited Consolidated Guidance for the Six Months Ended 30 June 2023. For the period, the company is expected to record a net loss in the range of approximately RMB 19.0 million to RMB 21.5 million for the Interim Period as compared to the net loss of approximately RMB 3.1 million for the six months ended 30 June 2022. Such expected increase in net loss of the Group for the Interim Period is mainly attributable to the following reasons: the Group's research and development expenses for the Interim Period increased as compared to the Preceding Period in order to improve the competitiveness in its existing business; the Group's administration expenses for the Interim Period increased as compared to the Preceding Period, mainly attributable to the need of further business developments for its software development services and technical services into a new business market of the Central Bank Digital Currency network system, in an attempt to expand the Group's clientele and diversify its sources of income; and the Group's revenue from its existing business for the Interim Period decreased as compared to the Preceding Period, primarily due to the ongoing impact of the COVID-19 pandemic in the first quarter of the Interim Period.