Ye Xing Group Holdings Limited provided group earnings guidance for the year ended 31 December 2023. The board of directors of Ye Xing Group Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2023 (the "Reporting Period") and the information currently available to the Board, it is expected that the loss and total comprehensive loss of the Group for the Reporting Period would record a decrease in the range of approximately 70% to 75% as compared with the corresponding period of 2022. Such decrease was mainly due to the decrease in the impairment loss of trade and other receivables and the impairment loss of amounts due from related parties.