The board of directors BAIOO Family Interactive Limited informed the shareholders of the Company and potential investors that based on a preliminary review of the Company's unaudited consolidated management accounts for the six months ended 30 June 2023 (the "period under review") and information currently available to the Board, the Group is expected to record a net loss in the range of approximately RMB 17.0 million to RMB 22.0 million for the period under review as compared to the net loss of approximately RMB 39.9 million for the six months ended 30 June 2022.