The board of directors Jiashili Group Limited informed the shareholders of the Company and potential investors of the Company that based on review of the Group's unaudited consolidated management accounts, it is expected that the profit attributable to the Shareholders for the six months ended 30 June 2023 will increase by approximately 1,950%-2,250% ranging from approximately RMB 25.3 million to RMB 29.3 million compared with the six months ended 30 June 2022 (for the six months ended 30 June 2022: approximately RMB 1.3 million (restated)). The Board considers that the increase in profit attributable to the Shareholders during the Period was mainly due to: an increase in sales revenue of approximately RMB 13.4 million and gross profit of approximately RMB 58.9 million of the Group as compared with the six months ended 30 June 2022; the cost of production has dropped due to decline in purchase prices of major raw materials and increase in plant capacity utilisation; and effective control and efficient implementation of the Group's savings programme on expenses.