China Reinsurance (Group) Corporation provided earnings guidance for the year ended December 31, 2023. for the year, based on the preliminary estimates made by the Company, the net profit attributable to the equity shareholders of the parent company of the Group for the year 2023 is expected to range from RMB 5.2 billion to RMB 6.2 billion (net loss attributable to the equity shareholders of the parent company of the Group in 2022 was RMB 0.3 billion), may increase by approximately RMB 5.5 billion to RMB 6.5 billion as compared to the corresponding period for the year 2022. The estimated increase in results of the Group for the year 2023 was mainly because: firstly, efforts were made to improve operating efficiency by strengthening both underwriting and investment to achieve improvement in underwriting performance and year-on-year growth in investment income; secondly, the impact of the low base in the same period of 2022.