Shanghai Dazhong Public Utilities(Group) Co.,Ltd. provided earnings guidance for the year ended December 31, 2023. for the year, the company has estimated that the unaudited net profit attributable to the owners of the parent company for the year from 1 January 2023 to 31 December 2023 (``FY2023'') will turn around from a loss to a profit compared with the same period of 2022, ranging from RMB 200 million to RMB 280 million; and it is estimated that the Company will record net profit attributable to the owners of the parent company, net of non-recurring gains and losses, ranging from RMB 450 million to RMB 630 million for FY2023. The Company's audited net loss attributable to the owners of the parent company for the corresponding period of 2022 amounted to RMB 332.5911 million, net profit attributable to the owners of the parent company, net of non-recurring gains and losses, amounted to RMB 297.8310 million; and loss per share amounted to RMB 0.112650.

During FY2023, the main business operations of the Company such as public utilities remained stable. In addition, some of the affiliates and joint ventures of the Company saw their results substantially restored to the normal levels as previous years, increasing significantly as compared to those of the corresponding period of 2022, resulting in a substantial growth in the equity method earnings attributable to the Company according to investment ratios, as compared with the corresponding period of 2022.