Zhixin Group Holding Limited provided earning guidance for six months ended 30 June 2023. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the preliminary review of the unaudited consolidated management accounts of the Group, and the information currently available to the Group, it is expected that the Group will record a significant increase in net profit of over 1,500% for the six months ended 30 June 2023 (the "Relevant Period") as compared to the net profit of approximately RMB 0.5 million for the corresponding period in 2022. Such increase is mainly attributable to the increase in revenue derived from the production line with annual processing capacity of 3 million tons of iron ore tailings which was put into production during the Relevant Period, partially offset by the decline in revenue from the sales of ready-mixed concrete and precast concrete components.