MIE Holdings Corporation provided unaudited earning guidance for year ended 31 December 2023. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the information currently available to the Board, including the preliminary assessment of the latest unaudited management accounts of the Group for the year ended 31 December 2023, it is expected that the Group will record a consolidated net loss attributable to the owners of the Company in the range between approximately RMB 147.0 million and RMB 167.0 million as compared with the consolidated net profit attributable to the owners of the Company of approximately RMB 2,378.8 million for the corresponding period for the year ended 31 December 2022 (the ``FY2022''). The expected turnaround from net profit to net loss was mainly attributable to net effect of the following key reasons: the one-off gains from the debt restructuring plans of approximately RMB 2,530.9 million recognized in FY2022 was no longer recognized in FY2023 subsequent to the completion of the debt restructuring plans in FY2022; the decrease in net oil sales revenue due to the decrease in the average realized crude oil prices as well as the Group's net oil sales volume; and the decrease in financial cost as a result of the reduction in the accrued interest expense which payment has also been deferred following the completion of the debt restructuring plans.