Feiyang International Holdings Group Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expects that the Group will record a net profit in the range of RMB15 million to RMB18 million as compared with a net loss of approximately RMB20 million for the corresponding period of 2022. The Board considers that the aforementioned change is primarily due to, amongst others, (i) the increase in revenue mainly attributable to the increase in sales of the Group's travel related products and services with the recovery of the tourism industry in the PRC; and (ii) the increase in other income and gains of the Group mainly attributable to the compensation income generated from Zhejiang Feijiada Aviation Service Co.

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