Shanghai Conant Optical Co., Ltd. provided earning guidance for six months ended 30 June 2023. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023 (the "First Half of 2023") and the information currently available to the Board, the Group expects
its net profit attributable to shareholders for the First Half of 2023 to increase by no less than 30% compared with that for the six months ended 30 June 2022, which is mainly due to the fact that (i) the product sales and sales volume increase as a result of the continuous expansion of the sales business in the First Half of 2023; (ii) upon the commencement of the production capacity enhancing projects under intended use of net proceeds, their effectiveness gradually becomes apparent, thereby leading to a relatively faster boost in the sales generated from the business models of lens customization and one-stop integrated services, which is conducive to the increase in the general sales and profit; (iii) the reduction of financial expenses and interest expenses allows the Group to reasonably optimize the financing scale, which in turn reduces financing cost; and (iv) the fluctuation in the global currency market leads to an increase in exchange gain due to the U.S. dollar appreciation.