Jia Yao Holdings Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects to record a net profit after tax in the range of approximately RMB 110.0 million to RMB 150.0 million as compared to the net profit after tax of approximately RMB 11.0 million for the year ended 31 December 2022. The aforesaid increase in net profit after tax is mainly due to the prominent contribution made by the electronic cigarettes segment to the Group's gross profit, which achieved a rapid growth rate and higher profit margin during
the year ended 31 December 2023.