The board of directors of BAIOO Family Interactive Limited provided preliminary review of the Company's unaudited consolidated management accounts for the year ended 31 December 2023 and information currently available to the Board, the Group is expected to record a net loss in the range of approximately RMB 30.8 million to RMB 35.4 million for the period under review, as compared to the net profit of approximately RMB 10.3 million for the year ended 31 December 2022. The expected net loss of the Group is mainly attributable to the natural decline in the growth of life cycles of some of the Company's games with a longer launch period, which resulted in a decrease in revenue, and no new game was launched during the period under review.