Beisen Holding Limited provided consolidated earnings guidance for the year ended March 31, 2023. For the period, the company expects to record a revenue in the range of approximately RMB 740.0 million to approximately RMB760.0 million for the year ended 31 March 2023, despite the negative impact of COVID-19 pandemic, as compared to a revenue of approximately RMB 679.6 million for the year ended 31 March 2022; and (2) a loss attributable to the owners of the Company in the range of approximately RMB 2,550.0 million to approximately RMB 2,650.0 million for the year ended 31 March 2023, as compared to a loss attributable to the owners of the Company of approximately RMB 1,908.8 million for the year ended 31 March 2022. The increase in loss attributable to the owners of the Company for the year ended 31 March 2023 was mainly due to the following factors: an increase in loss from changes in fair value of the Company's redeemable convertible preferred shares in the range of approximately RMB 600.0 million to approximately RMB 610.0 million due to the increased valuation of the Company.

Such changes are in one-off nature and non-recurring in future as all the redeemable convertible preferred shares were automatically converted into the ordinary shares of the Company upon the listing of the shares of the Company on The Stock Exchange of Hong Kong Limited; and the hindrance of some of the marketing activities and delivery of the Company as a result of the continued impact of COVID-19 pandemic in 2022.