Fullshare Holdings Limited announced that after preliminary assessment of the unaudited consolidated financial information of the Group for the year ended 31 December 2023 and based on the information currently available to the Company, the Board informed the shareholders and potential investors of the Company that the Group may record a net loss of approximately RMB 446 million for the Reporting Year, as compared to the net profit of approximately RMB 409 million for the year ended 31 December 2022. This was mainly attributable to, among other things, (i) net impairment losses on financial assets of approximately RMB 685 million recognised during the Reporting Year, as compared to the net reversal of impairment loss of approximately RMB 991 million recognised for the Year 2022 and (ii) the loss on change in fair value of financial instruments of approximately RMB67 million during the Reporting Year, as compared to approximately RMB 917 million in the Year 2022.