Confidence Intelligence Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expects to record a net loss not more than approximately RMB 32.0 million in the Reporting Period as compared with the Group's net loss of approximately RMB 7.1 million for the year ended 31 December 2022. The net loss for the Reporting Period was mainly due to: a decrease in gross profit which were primarily due to (i) decrease in gross profit margin resulted from keen competitions in the market and changes in product mixes, and (ii) increase in cost of sales arising from the segment of financial application platform and platform maintenance services ("Financial Application Platform and Platform Maintenance Services Segment") which was a new segment since second half of financial year ended 31 December 2022; and an impairment loss on intangible assets of approximately RMB 14.7 million and a reversal of deferred tax assets of approximately RMB 4.2 million were provided under the Financial Application Platform and Platform Maintenance Services Segment as the development of the financial technology business was slower than expected and losses on other receivables of approximately RMB 7.0 million was recognised for the Reporting Period; which were offset against a gain on disposal of subsidiaries of approximately RMB 13.0 million.