Strawbear Entertainment Group provided consolidated earnings guidance for the six months ended June 30, 2023. The company expected that the croup will record a consolidated net profit attributable to Shareholders of approximately RMB 0.3 million to RMB 5.8 million for the six months ended June 30, 2023 as compared to that of approximately RMB 73.5 million for the six months ended June 30, 2022, representing a decrease by approximately 99.6% to 92.1%.