Yue Da International Holdings Limited provide earnings guidance for the year ended 31 December 2023. For the period, according to the preliminary review of the unaudited management accounts of the Group and other information currently available, the Group is expected to record consolidated profit and total comprehensive income for the year of approximately RMB 15 million for the year ended 31 December 2023 (the "Year"), which shows a decrease of around 50% as compared with the year ended 31 December 2022. It is mainly due to the recovery of the consumer market in China not being up to expectations, in order to reduce the operational risk, the Group adjusted the proportions of different factoring related businesses resulting in: increase in income from traditional factoring business and decrease in income from communications factoring business, a loss on remeasurement of financial guarantee contracts recorded in the Year compared to the gain for the year ended 31 December 2022, a net reversal of impairment losses under expected credit loss model recorded in the Year compared to the net losses recognised for the year ended 31 December 2022, and decrease in income tax expense.