Wenye Group Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, company expects to record a net loss of not more than approximately RMB 63.5 million for the Reporting Period, representing a substantial reduction in net loss by approximately RMB 130 million or approximately 67% as compared to the net loss of approximately RMB193.6 million recorded for the corresponding year ended 31 December 2022.