Xinda Investment Holdings Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the Group is expected to record a profit attributable to owners of the Company approximately RMB Nil to RMB 3,000,000 in the Period, while there was a loss of RMB 317,758,000 attributable to owners of the Company for the six months ended 30 June 2022 (the "Corresponding Period of 2022"). According to the information currently available to the Board, the aforesaid positive effect on the Group was mainly attributable to: in the Corresponding Period of 2022, the Group recognized a net loss of RMB 265,854,000 for the associate which accounted for using the equity method and derecognized RMB 28,982,000 for the deferred tax assets, while there are no such matters during the Period.