China Modern Dairy Holdings Ltd. provided earnings guidance for the year ended December 31, 2023. The Group is expected to record a net profit for the year ended December 31, 2023in the range between RMB 160 million to RMB 200 million (2022: approximately RMB 580 million), representing a decrease of approximately 66% to 72% year-on-year. Nevertheless, it is expected that there will be a significant decrease in the net profit of the Company for the Year as compared to 2022.