Xiabuxiabu Catering Management (China) Holdings Co., Ltd. provided earnings guidance for the year ended 31 December 2023. For the period, the Group is expected to record a net loss ranging from approximately RMB 180 million to RMB 200 million for the year ended 31 December 2023 as compared to a net loss of approximately RMB 331 million for the year ended 31 December 2022, which has narrowed as compared to the previous year.