Zall Smart Commerce Group Ltd. provided earnings guidance for the year ended 31 December 2023. For the year, it is expected that the Group may record a net profit of not more than RMB 100 million for the year ended 31 December 2023 as compared to a net loss of approximately RMB 3.0 billion for the year ended 31 December 2022. Based on the information currently available to the Board, the Board believes that such turnaround was primarily attributable to the steady continuous development of the overall business performance of the Group's supply chain management and trading segments as the market has recovered gradually, resulting in a slight increase in revenue; the increase in the number of additional properties transferred to investment properties for rental purposes during the year, and the stable value of properties, resulting in valuation gain on investment properties of the Group for the year ended 31 December 2023, while fair value losses on investment properties of the Group was recorded for previous year; and the decrease in one-off losses arising from the disposal of subsidiaries for the year ended 31 December 2023 as compared to the previous year.