Le Saunda Holdings Limited provided earnings guidance for the financial year 2022/23. Based on the unaudited consolidated management accounts for the nine months ended 30 November 2022 and the Board's assessment for the following three months up to 28 February 2023 based on the current market condition and other information currently available, the Board expects the Group may record a consolidated loss attributable to the equity shareholders of the Company ranging from RMB 38,000,000 to RMB 45,000,000 for the financial year 2022/23, as compared to the consolidated profit attributable to the equity shareholders of the Company of RMB 2,980,000 in last financial year. The expected consolidated loss was mainly attributable to a significant decrease of total sales of the Group's physical stores in Mainland China in light of the further dampened economic activities brought by the consecutive lockdowns measures in various PRC regions for the nine months ended 30 November 2022; an initial operating loss recorded regarding the newly developed cosmetic business segment; and an exchange loss arising from the significant depreciation of Renminbi.