Hengtai Securities Co., Ltd. provided consolidated earnings guidance for the year ended December 31, 2023. For the year, the company expects the group is expected to record a profit attributable to the Shareholders for the year ended 31 December 2023 of approximately RMB 52.84 million, while the loss attributable to the Shareholders for the year ended 31 December 2022 was approximately RMB 1,286.37 million. The Board considers that the increase in the operating results of the Group as compared with 2022 is mainly due to the increase in revenue from securities investment business and direct investment business as well as the decrease in accrual of provision.