Mulsanne Group Holding Limited provided group earnings guidance for the year ended December 31, 2023. The board of directors of the company announced that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2023 and other information currently available to the Group, it is expected that the profit after tax for the year ended 31 December 2023 would range from RMB 30 million to RMB 40 million, which has increased by approximately 200% to 300% as compared to the profit after tax of RMB 9.4 million for the corresponding period in 2022. The major reasons for such increase in profit after tax include: (i) increase in sales revenue from the main brand of the Company, GXG; and (ii) the substantial improvement in the performance of the Group's offline retail channels.