Shineroad International Holdings Limited provided earnings guidance for the six months ended June 30, 2023. For the six months ended 30 June 2023 the unaudited profit attributable to Shareholders is expected to be not more than RMB 12 million, representing a decrease of approximately 55% as compared with the profit attributable to Shareholders of RMB 23.8 million for the six months ended 30 June 2022. The Board believes such decrease was primarily attributable to the drop in revenue by approximately 10% to 20% as compared with that for the six months ended 30 June 2022, mainly due to the slower-than-expected recovery of the PRC food and consumer goods market in the Relevant Period, during which the Company experienced a decline in market sales from some of its key customers, and therefore the overall sales performance of the Company was adversely impacted.