Logory Logistics Technology Co., Ltd. provided group earnings guidance for the six months ended June 30, 2023. For the six months, the group will record a net loss attributable to owners of the parent of approximately RMB 26.0 million as compared to a net profit attributable to owners of the parent of approximately RMB 3.1 million for the six months ended June 30, 2022. The net loss attributable to owners of the parent of approximately RMB 26.0 million for the six months ended June 30, 2023 was mainly due to (i) an increase in its listing expenses and share-based payments; (ii) a decrease in online gross transaction volume due to the lower-than-expected rise in needs in the logistics market during the first half of 2023 and the more intensive competition in the current market; and (iii) an increase in its research and development expenses as the company continued to assist logistics companies to undergo digital upgrade of the whole transportation process with an aim to improve its service capability and operation efficiency.