Gala Technology Holding Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the Group is expected to record a net profit of not less than RMB 70.0 million, representing an increase of not less than 419.7% as compared to the corresponding period in 2022. The expected increase in net profit is mainly attributable to its constantly improved customer acquisition efficiency and refined operations, resulting in a significant reduction in selling and marketing expenses; and an increase in gross profit due to improvements in gross profit margin.