Jiahua Stores Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2023. For the year ended December 31, 2023, the group is expected to record a net loss of not more than RMB 160 million for the year ended 31 December 2023, as compared to net loss of approximately RMB 108 million for the year ended 31 December 2022. It is mainly attributable to: net operating loss has been incurred by most of its major stores as a result of general decline in local consumption power after the novel coronavirus pneumonia pandemic in China and the divestment of foreign investors; There was total impairment loss on property, plant and equipment, intangible assets and right-of-use assets of approximately RMB 40 million; There was impairment loss on loan receivables of approximately RMB 36 million; and Net decrease in fair value on investment property of approximately RMB 13 million.