Kingwisoft Technology Group Company Limited provided earnings guidance for the six months ended September 30, 2023. The group expects to record a net profit attributable to owners of the company of approximately RMB 12 million for the six months ended 30 September 2023 as compared to that of approximately RMB 34.9 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 increases in staff costs, subcontracting fees, rental expenses, depreciation and amortization expenses during the Period, which adversely affected the gross profit margin and operating profit of the Group.