Central China Securities Co., Ltd. provided earnings guidance for the first half ended June 30, 2023. According to the preliminary estimate made by the finance department of the Company, it is expected that the net profit attributable to owners of the parent company for the first half of 2023 will be RMB 167.00 million, turning from losses into profits, as compared with the corresponding period last year (statutory disclosure data). The net profit attributable to owners of the parent company after deducting non-recurring gains and losses is expected to be RMB 156.00 million for the first half of 2023. Main reasons for the estimated profit for the period: Since the beginning of 2023, economic development has shown a positive trend of recovery. The Company has comprehensively promoted various development measures, seized market opportunities, setting a good momentum for business development. During the reporting period, wealth management, investment management and other businesses developed steadily. As affected by the year-on-year
increase in the income generated from the Company's investment business and the year-on-year decrease in credit impairment, the Company's operating performance has turned from losses into profits.