Risecomm Group Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. The Group expects to record a net loss for the Period of not less than approximately RMB 31.0 million, as compared to the net loss of approximately RMB 34.7 million for the six months ended 30 June 2022. Based on the information currently available to the Board, the Group also expects to record a decrease in revenue of not less than approximately 38.0% mainly due to the following factors: heightened difficulty in acceptance of new projects caused by shortage of cash encountered by the Group during the Period, which was mainly resulted from the repayment of a major borrowing during the Period, and the prolonged late settlement of trade receivables from certain major customers; and delayed delivery of the Group's new broadband dual-mode products for sales in the relevant successfully tendered contracts, which was mainly resulted from the pending inspection approval for the new broadband dual-mode products before they can be delivered.