China Technology Industry Group Limited provided earnings guidance for the six months ended 30 September 2023. The Group is expected no revenue was recorded for the six months ended 30 September 2023 ("2023-1H") representing a decrease in revenue of approximately 100% as compared with the revenue of approximately RMB 42.5 million for the six months ended 30 September 2022 ("2022-1H"). The Group's gross profit margin was
0% for the 2023-1H, as compared to approximately 5.2% for the 2022-1H. As a result of the above, it is expected that the Group will record a loss attributable to the owners of the Company for 2023-1H of approximately RMB 11.0 million, as compared to a loss attributable to owners of the
Company for 2022-1H of approximately RMB 7.2 million. The loss attributable to owners of the Company of approximately RMB11.0 million for the 2023-1H (2022-1H: loss attributable to owners of the Company of approximately RMB7.2 million) was mainly attributable to the fact that the Group recorded no revenue during 2023-1H (2022-1H: approximately RMB 42.5 million). Given the removal of COVID-19 restrictions in the PRC in early 2023, the management of the Company has been actively seeking new business opportunities.