China Technology Industry Group Limited Provides Earnings Guidance for the Six Months Ended 30 September 2023
0% for the 2023-1H, as compared to approximately 5.2% for the 2022-1H. As a result of the above, it is expected that the Group will record a loss attributable to the owners of the Company for 2023-1H of approximately RMB 11.0 million, as compared to a loss attributable to owners of the
Company for 2022-1H of approximately RMB 7.2 million. The loss attributable to owners of the Company of approximately RMB11.0 million for the 2023-1H (2022-1H: loss attributable to owners of the Company of approximately RMB7.2 million) was mainly attributable to the fact that the Group recorded no revenue during 2023-1H (2022-1H: approximately RMB 42.5 million). Given the removal of COVID-19 restrictions in the PRC in early 2023, the management of the Company has been actively seeking new business opportunities.