Mulsanne Group Holding Limited provided consolidated earnings guidance for the year ended December 31, 2022. For the year, the company expects profit after tax for the year ended 31 December 2022 would range from RMB 10.0 million to RMB 20.0 million, as compared to the loss after tax of RMB 91.3 million for the corresponding period in 2021. The major reasons for such increase in profit after tax include: the Group actively exercised cost control and effectively reduced its operating expenses by (i) closing down a number of loss making offline retail stores, and (ii) streamlining internal processes to achieve better resources allocation.