The board of directors of Newborn Town Inc. provided earnings guidance, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2023, it is expected that the total revenue of the Group for the year ended 31 December 2023 will be approximately RMB 3,270 million to RMB 3,410 million, representing an increase of approximately 17% to 22% as compared to that for the corresponding period in 2022. Such expected increase the net profit of the Group for the year ended 31 December 2023 will be approximately RMB 750 million to RMB 810 million, representing an increase of approximately 161% to 182% as compared to that for the corresponding period in 2022.