Edianyun Limited provided consolidated earnings guidance for the fiscal year ended December 31, 2023. For the year, the Group is expected to record a loss and total comprehensive loss for the year of approximately between RMB 870,000,000 to RMB 910,000,000 for Financial Year 2023, representing an increase of approximately between 42.2% to 48.8% as compared to the loss and total comprehensive loss of RMB 611,607,000 for the year ended 31 December 2022; the Group is expected to record an adjusted net profit of approximately between RMB 10,000,000 to RMB 20,000,000 for Financial Year 2023, representing a decrease of approximately between 85.2% to 92.6% as compared to the adjust net profit of RMB 135,189,000 for Financial Year 2022; the Group is expected to record a revenue of approximately between RMB 1,240,000,000 to RMB 1,320,000,000 for Financial Year 2023, representing a decrease of approximately between 3.8% to 9.6% as compared to the revenue of RMB 1,371,889,000 for Financial Year 2022. The Board consider that the changes in the results for Financial Year 2023 are primarily due to the following factors: (i) the increase in financial liabilities at fair value through profit or loss for the year; and (ii) decline in revenue due to volatility of the prevailing macroeconomic conditions.

In addition, based on the preliminary forecast of the Group's business information available for Financial Year 2023, the Group expects the number of devices under service would be 1,204,876 in Financial Year 2023, representing a slight increase of approximately 8.0% as compared to the number of devices under service of 1,115,468 recorded in Financial Year 2022; the Group expects the customer retention rate would be 73.7% in Financial Year 2023, representing a slight increase of approximately 0.9% as compared to the customer retention rate of 72.8% in Financial Year 2022, which maintains a high customer retention level; the Group's estimated the number of end-of-period subscribing customers for the Financial Year 2023 is 45,757, representing an increase of approximately 8.1% over the number of end-of-period subscribing customers of 42,343 recorded in the Financial Year 2022. The Board is of the view that the business development of the Group remains favorable.