Wanka Online Inc. provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the Group is expected to record a loss after taxation of not less than approximately RMB 125.0 million, as compared to a profit after taxation of approximately RMB 62.3 million for the year ended 31 December 2021. Based on the information currently available, the Board believes that the above result was primarily attributable to (1) the decrease in overall gross profit and gross profit margin which was in turn primarily due to the increase in cost of traffic acquisition; and (2) an impairment loss on goodwill of the cash-generating unit of the online-video distribution services segment of not less than approximately RMB 150.0 million.