The board of directors of the Lianhua Supermarket Holdings Co., Ltd. informed the shareholders of the Company and potential investors that the Group is expected to record a net loss attributable to owners of the Company in a range of approximately RMB 100 million to RMB 150 million for the six months ended 30 June 2023 as compared to the net profit attributable to owners of the Company of approximately RMB 13.7 million for the six
months ended 30 June 2022.