Kingwisoft Technology Group Company Limited provided earning guidance for the nine months ended 31 December 2022. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the Board's preliminary review of the latest available financial information of the Group, the Group expects to record a net profit attributable to owners of the Company of approximately RMB 28 million for the nine months ended 31 December 2022 as compared to that of approximately RMB 58.4 million recorded for the corresponding period in the preceding year. The decrease in the net profit attributable to owners of the Company was mainly attributable to the increase in staff costs, subcontracting fees, depreciation and amortization expenses and finance costs, which were partially offset by the reversal of expected credit losses provision and decrease in income tax expenses during the Period.