China Hongbao Holdings Limited provided earnings guidance for the six months ended 30 September 2023. For the six months ended 30 September 2023, the Group expects to record a net profit of not less than approximately HKD 1.0 million for the six months ended 30 September 2023
as compared to the net loss of approximately HKD 7.2 million for the six months ended 30 September 2022. Based on the relevant information currently available to the Company, the Board considers that the change from net loss to net profit was mainly attributable to an increase in demand from existing and new customers of Hainan Hongbao Linkage Technology Co. Ltd., an indirect wholly-owned subsidiary of the Company.