361 Degrees International Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. For the year, the company expects the profit attributable to the equity shareholders of the Company for the period is to increase by not less than 25% as compared with the profit attributable to the equity shareholders of the Company for the year ended 31 December 2022. The improvement in the performance of the Group was mainly attributable to the increased brand recognition and the continuous introduction of high-performance and high-value new products that meet market demand; the favorable retail environment with a healthy balance of sales and inventory, resulting in the generation of replenishment orders to drive steady revenue growth; the continuous improvement in gross margin and operating margin; the continuous strengthening of credit management on the Group's distributors which led to a reduction of the aggregate provision for expected credit losses on trade receivables made in previous years; and the increase in equity interest in a subsidiary which is engaged in the e-commerce business.