China Ruifeng Renewable Energy Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the company expected a decrease in consolidated loss for the year ended 31 December 2023 (the "Current Year"), with a consolidated loss for the Current Year of not more than approximately RMB 100,000,000 as compared to the consolidated loss for the year of approximately RMB 162,020,000 for the year ended 31 December 2022. Subject to finalisation of the annual results of the Group for the Current Year, the Board considers that the improvement in financial results for the Current Year is primarily attributable to (i) increase in revenue of approximately RMB 39,000,000 (for the year ended 31 December 2022: RMB 304,443,000) due to the increase in the sales of electricity; (ii) no impairment loss of property, plant and equipment was recognised (for the year ended 31 December 2022: RMB 20,583,000); and (iii) decrease in finance cost of approximately RMB 13,000,000 (for the year ended 31 December 2022: RMB 156,469,000).