Yangzhou Guangling District Taihe Rural Micro-finance Company Limited provided unaudited consolidated earning guidance for the six month ended June 30, 2023. For the period, the company expected to record a loss after tax ranging from approximately RMB 11.5 million to RMB 13.5 million as compared with the loss after tax of approximately RMB 2.9 million for the six months ended 30 June 2022. The increase in loss was primarily attributable to the continued downturn in the real estate and construction industries in Yangzhou, which led to an increase in default of loan repayment by some of the Company's customers in such industries and an increase in provision for impairment loss.