The board (the "Board") of directors (the "Director(s)") of Arrail Group Limited announced that based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended September 30, 2023 and assessment of the latest information currently available to the Board, the Group is expected to record a net profit of no less than RMB 5.0 million for the six months ended September 30, 2023, as compared to the net loss of approximately RMB 90.0 million for the six months ended September 30, 2022. The expected profit is mainly attributable to the business recovery after COVID-19 and operating improvement.