China Technology Industry Group Limited provided group earnings guidance for the three months ended 30 June 2023. For the period, the company that, based on information currently available, the group is expected to record no revenue for the three months ended 30 June 2023 (?2023 Q1?), representing a decrease in revenue of 100% as compared with the revenue of approximately RMB 26.9 million for the three months ended 30 June 2022 (?2022 Q1?). 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 first quarter of approximately RMB 5.4 million, as compared to a loss attributable to owners of the Company for 2022 first quarter of approximately RMB 3.3 million.

The Company is expected to record no revenue for the three months ended 30 June 2023, as the strict and extensive COVID-19 lockdowns in the PRC had made it difficult for the Company's management to conduct face-to-face business meetings with potential customers, and broker new commercial contracts. Given the removal of COVID-19 restrictions in the PRC in early 2023, the Company considers the aforementioned difficulties faced by the Company to be temporary in nature, and the management of the Company has been actively seeking new business opportunities, from which the management of the Company expects to bear fruits in the later months of this financial year and the financial years to come.