Xinyi Electric Storage Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2023. Following a preliminary review of the currently available information which includes, but without limitation to, the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023, the Board informed the shareholders and the prospective investors of the Company that the amount of the unaudited consolidated profit attributable to owners of the Company for the six months ended 30 June 2023 is expected to decrease significantly by 35% to 45% to the range between HKD 12.0 million and HKD 14.2 million, as compared to the Net Profit of HKD 21.8 million for the six months ended 30 June 2022.