China Ludao Technology Company Limited provided consolidated earning guidance for year ended 31 December 2023. The board of directors informed the shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary review and assessment of the Group's unaudited consolidated management accounts for the year ended 31 December 2023 (the "Annual Period"), the Group is expected to record an increase in consolidated profit of not less than 90% for the Annual Period as compared with the corresponding period in last year. The Board considers that the expected increase in consolidated profit for the Annual Period was mainly attributable to the steady recovery of contract manufacturing service business sales in overseas markets with a higher gross profit margin, and the increase in revenue due to the depreciation of the exchange rate of Renminbi against U.S. dollar during the Annual Period which is also conducive to the export of products, coupled with the favorable factors such as the decrease in raw material prices and the continuous development of the Group's product market and sales network.