Dowway Holdings Limited provided group earnings guidance for the year ended 31 December 2023. For the period, the Group expects a revenue dropped from approximately RMB 177,132,000 for the year ended 31 December 2022 (FY2022) to approximately RMB 117,446,000 for Fiscal Year 2023, which is primarily attributable to a decline in spending from businesses and individuals for these services, which had a cascading impact on the exhibition and event management sector and also driven by a decline in advertisement-related services during Fiscal Year 2023, as a result of the worldwide macroeconomic landscape following the COVID-19 pandemic and overall economic conditions and consumer behavior significantly changed in 2023, restricting people's consumption ability; and a net loss attributable to the owners of the Company of not less than RMB 16,918,000 for Fiscal Year 2023 as compared to consolidated net loss attributable to the owners of the Company of approximately RMB 36,454,000 for Fiscal Year 2022, which was primarily driven by a significant decrease in revenue and the effect was partially offset by decrease in net allowance for expected credit loss on trade and other receivables and contract assets.