Newlink Technology Inc. provided earnings guidance for the six months ended June 30, 2023. For the period, the revenue of Group is expected to remain stable as compared to the same period of last year, affected by novel coronavirus (COVID-19) pandemic infection peak during the period from December 2022 to the first quarter of 2023, the implementation progress of the Group 's software development services business was slow as limited by the schedule for the resumption of work and production of the major customers, resulting in a year-on-year decline in the revenue of such type of business in the first half of 2023. The Group is expected to record a loss for the period attributable to owners of the Company ranging from approximately RMB 26 million to approximately RMB 29 million for the six months ended 30 June 2023, representing a possible decrease of approximately 249% to 267% as compared to the Group's recorded profit for the period attributable to owners of the Company for the six months ended 30 June 2022, which is mainly due to the combined effect of factors, such as the fact that the Group did not record any fair value gain on equity investment at fair value through profit or loss for the six months ended 30 June 2023, the Group's additional selling and distribution expenses, administrative expenses and research and development expenses incurred by the newly acquired subsidiary Beijing Neusoft Yuetong Software Technology Co.

Ltd., a significant increase in research and development expenses resulting from the increase in the amount of the Group's amortisation of deferred development costs as well as increased payment of staff severance compensation as compared to the same period of last year.