Super Hi International Holding Ltd. provided unaudited consolidated earnings guidance for the six months ended June 30, 2023. For the period, the Group revenue is expected to be no less than USD 321.0 million for the six months ended June 30, 2023, representing an increase of approximately 30.6% as compared to the revenue of approximately USD 245.8 million for the six months ended June 30, 2022, primarily attributable to (i) the improved operating performance of Haidilao restaurants, coupled with the increase in customer flow as a result of the lifting of the COVID-19 pandemic control measures; and (ii) the continuous expansion of the Company's business in the first half of 2023 and the growth of the Company's brand influence. The Group is expected to record a net profit of no less than USD 3.0 million for the six months ended June 30, 2023, representing a significant increase as compared to the net loss of approximately USD 55.7 million for the six months ended June 30, 2022.

The expected net profit is primarily due to (i) the increase in the average table turnover rate per restaurant; (ii) the optimized costs and expenses tied to the restaurant operation efficiency resulting from the improvement of internal management and operations; and (iii) the reduction of impairment loss on property, plant and equipment and right of use assets.