Sino-Entertainment Technology Holdings Limited provided unaudited consolidated earnings guidance for the Six Months Ended 30 June 2023. Based on the preliminary review of the unaudited consolidated management accounts of the Company (together with its subsidiaries, the "Group") for the six months ended 30 June 2023 (the "Relevant Period") and the information currently available to the Board, the Group is expected to record a reduction of approximately 30% in the Group's net loss for the Relevant Period as compared with the net loss of approximately RMB 19.9 million for the six months ended 30 June 2022. Such reduction in net loss was the combined result of the increase in gross profit attributable to the larger extent of decrease in cost of sales than the decrease in revenue, and the decrease in research and development expenses and administrative expenses, as well as the increase in impairment losses under expected credit loss model during the Relevant Period.