China Maple Leaf Educational Systems Limited provided unaudited consolidated earnings guidance for the year ended August 31, 2023. For the year, the group expects to record an increase of not less than 15% in each of revenue (FY2022: approximately RMB 989,795,000) and gross profit (FY2022: approximately RMB 426,253,000); and a net profit of not less than RMB 5.0 million (FY2022: approximately RMB 57.1 million). Based on the Available Information, the Board considers that the decrease in net profit is mainly attributable to the decrease in investment and other income due to the absence of a gain on disposal of an investment property for FY2023 and the decrease in bank interest income and rental income; the loss from fair value changes of convertible bonds (2022: gain from fair value changes); and the increase in administrative expenses due to the increase in staff costs during the year.