The board (the ``Board'') of directors (the ``Directors'') of the Alliance International Education Leasing Holdings Limited announced shareholders of the Company (the ``Shareholders'') and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023 (the ``Period'') and the information currently available to the Board, the Group is expected to record a net profit after tax of the Company of not less than RMB 120 million for the Period, as compared to the net profit after tax of the Company of approximately RMB 46.0 million for the six months ended 30 June 2022.