Teamway International Group Holdings Limited provided unaudited earnings guidance for the year ended 31 December 2023. The group expects to record an increase in loss attributable to owners of the parent for the year ended 31 December 2023 by approximately 30% to 40% as compared with the loss attributable to owners of the parent of approximately RMB 49.60 million for the year ended 31 December 2022. Such expected increase was mainly attributable to the increase in cost of sales starting in the second quarter of 2023 due to higher production costs for partially outsourcing production to other factories before newly purchased production facilities are ready to be put into production.