Huashi Group Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record an increase in the net profit by approximately 38% to 48% as compared with the net profit of the Group for the year ended 31 December 2022. Based on the information currently available, the Board is of the view that the main reason of the increase in the net profit of the Group is primarily due to the increase in the Group's revenue for FY2023.

During FY2023, the Group continued to enhance its capabilities of business development, resulting in the addition of the new customers under the provision of advertisement placement services; and the increase in the rebates from the Media Partner brought by the advertisement placements of the abovementioned new customers. The revenue from the provision of the advertisement placement services and the rebates from the Media Partner attributable to the abovementioned new customers amounted to approximately RMB 22 million, which represented approximately 45% of the total revenue from the provision of the advertisement placement services and the rebates from the Media Partner for FY2023. As a result, the Group is expected to record an increase in revenue from its principal business for FY2023 as compared with the corresponding period in previous year.