The board of directors of Confidence Intelligence Holdings Limited informed the shareholders of the Company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023 (the "Reporting Period"), the Group expects to record a net loss not more than approximately RMB23.0 million in the Reporting Period as compared with the Group's net loss of approximately RMB 2.9 million for six months ended 30 June 2022. The net loss for the Reporting Period was mainly due to the impairment loss of approximately RMB 14.7 million in relation to the intangible assets for the provision of financial application platform and platform maintenance services and reversal of the deferred tax assets of approximately RMB 4.2 million on the tax losses arising from the financial application platform and platform maintenance services segment.