Sino-Life Group Limited provided group earnings guidance for the year ended 31 December 2023. For the year, the Group is expected to record loss for the Year of no more than RMB 11,000,000, against the profit for the year of approximately RMB 626,000 for the year ended 31 December 2022. Based on the information currently available, the Board considered the loss for the Year was mainly attributable to, among other factors; the increase of fair value loss on the financial assets measured at fair value through profit or loss of not more than RMB 5,200,000; and the increase in administrative expenses of not more than RMB 9,500,000 due to increase in staff costs of administrative department, travelling expenses and legal and professional expenses.