Maiyue Technology Limited provided earnings guidance for the year ended 31 December 2023. The Group is expected to record a decrease in profit for the year by not more than 60% for the Period under Review as compared to approximately RMB 49.1 million for the year ended 31 December 2022. The Board considers that the said expected decrease in profit for the year was primarily attributable to (i) the decrease in revenue and gross profit from the Group's integrated IT solutions services segment during the Period under Review, which was led by the decrease in the number of projects undertaken by the Group during the Period under Review and the lower gross profit margin of certain projects undertaken due to different project requirements and circumstances; and (ii) the larger amount of listing expenses incurred during the Period under Review as compared with the year ended 31 December 2022.