ISP Global Limited provided consolidated earnings guidance for the year ended June 30, 2023. For the period, the group is expected to record a net loss attributable to the owners of the company of approximately between RMB 26.0 million to RMB 29.0 million, as compared to a net loss attributable to owners of the company of approximately RMB 22.8 million for the corresponding year ended 30 June 2022. Based on the financial information currently available to the Board, such increase in net loss was mainly attributable to, among other things, the increase of administrative costs and payroll expenses incurred as part of business expansion and operations of the Group's brand e-commerce operation services segment ("EC segment") in the People's Republic of China (the "PRC") for the Year.

During the Year, the Company has recorded a significant increase in gross profits within the EC segment, which was offset by significant increase in expenses as incurred by the business expansion of the EC segment in the PRC.