Chen Lin Education Group Holdings Limited provided earnings guidance for the year ended 31 August 2023. The Group is expected to record a profit attributable to owners of the Company of not less than RMB 5 million for the Period as compared to the net loss of approximately RMB 38 million for the year ended 31 August 2022. The expected net profit for the Period was mainly attributable to (i) a decrease in other losses -- net by approximately RMB 37 million as the loss on fair value through profit or loss on financial assets in relation to the Group's investment in the shares of Sinic Holdings (Group) Company Limited, which was fully provided for impairment for the year ended 31 August 2022 due to the suspension of trading of Sinic Holdings's shares on 20 September 2021 and its subsequent delisting from the Stock Exchange on 13 April 2023 under Rule 6.01A(1) of the Listing Rules; and (ii) an increase in revenue by approximately RMB48 million due to the growth in the number of enrolled students for the Period.