Shandong Fengxiang Co. Ltd. announced unaudited total revenue results for the first quarter of 2023. For the first quarter of 2023, the Group achieved unaudited total revenue of approximately RMB 1,175.5 million, representing a slight decrease of 3.9% as compared to approximately RMB 1,223.5 million for the first quarter of 2022, and a decrease of 4.6% as compared to approximately RMB 1,231.8 million for the fourth quarter of 2022.