Values Cultural Investment Limited provided group earnings guidance for the year ended 31 December 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2022, it is expected that the Group will record a net loss ranging from approximately RMB 134.0 million to approximately RMB 144.0 million for the Reporting Period, as compared to the Group's net loss amounting to approximately RMB 38.0 million for the year ended 31 December 2021.