Daohe Global Group Limited provided group unaudited consolidated earnings guidance for the year ended December 31, 2023. For the year, the group is expected to record an increase in profit for the year from approximately USD 1 million recorded for the year ended 31 December 2022 to a range of USD 1.7 million to USD 2.0 million this year, notwithstanding the overall revenue declined by 14.5% year-on-year. The Board considers that the expected increase in profit for the year is mainly attributable to the improved gross margin of the online social platforms business, the continuous optimisation and control of operating expenses and there was a one-off impairment losses on property, plant and equipment, and right-of-use assets totalling approximately USD 0.5 million recognised for the online social platforms segment during the year ended 31 December 2022.