Chuanglian Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects net loss of not less than approximately RMB 25,000,000 for the Period as compared to a net profit of approximately RMB 18,801,000 for the six months ended 30 June 2022. Based on the information currently available, the expected turnaround of the Group 's results from profit to loss for the Period was mainly attributable to the combined effects of, among others, the following: (i) the turnaround of performance of the Group's educational consultancy and online training and education services from profit to loss due to the reduction in revenue of approximately RMB 23,000,000 for the Period as compared to the six months ended 30 June 2022 as a result of the decrement in the demand for online training courses during the Period; and (ii) the decrease in revenue due to the decrease in revenue of finance leasing services of approximately RMB 11,000,000 upon the disposal of certain subsidiaries in December 2022.