Jiumaojiu International Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended December 31, 2023. For the year, the group expects to record revenue of approximately RMB 5,985.9 million, representing an increase of approximately 49.4% as compared to revenue of RMB 4,005.7 million for the year ended December 31, 2022; and a profit attributable to equity shareholders of the Company of no less than RMB 450.0 million for FY2023, representing an increase of no less than 812.8% as compared to a Profit of RMB 49.3 million for FY2022. Based on the information currently available, the Board is of the view that such expected increases in revenue and Profit for FY2023 were mainly driven by the expansion of the Group's restaurant network as the total number of restaurants in operation increased from 556 as of December 31, 2022 to 726 as of December 31, 2023; the growth in same store sales as the number of days of operation and table turnover rates of the Group's restaurants increased in FY2023 amid the recovery of its business operation from the COVID-19 pandemic; and the improvement in the Group's operational efficiency.