The board of directors of the China Boqi Environmental (Holding) Co., Ltd. informed the shareholders of the Company and potential investors that, based on the preliminary review by the Board of the unaudited condensed consolidated interim results of the Group for the six months ended 30 June 2023 and the latest information available,Board, the Group is expected to record the net profit (excluding profit or loss on fair value changes in financial asset at fair value through profit and loss and investment income) with a range from approximately RMB 120 million to RMB 140 million as compared to the net profit (excluding profit or loss on fair value changes in financial asset at FVTPL and investment income) of approximately RMB 73 million for the six months ended 30 June 2022.