Star CM Holdings Limited provided earnings guidance for the six months ended June 30, 2023. For the period, based on the preliminary assessment of the Group's latest unaudited consolidated management accounts and information currently available to the Board, the Group is expected to record revenue in the range of approximately RMB 141.6 million to approximately RMB 151.6 million for the six months ended June 30, 2023 as compared with the revenue of approximately RMB 182.6 million for the corresponding period in 2022, and an adjusted net loss (non-IFRS measure)1 in the range of approximately RMB 18.3 million to approximately RMB 14.6 million for the six months ended June 30, 2023 as compared with an adjusted net loss of approximately RMB 6.3 million for the corresponding period in 2022. The expected increase in adjusted net loss for the six months ended June 30, 2023 is in line with the expected decrease in revenue for the period, which was primarily attributable to fewer variety programs commenced year-end initial broadcast and lasting until the next year as compared with the corresponding period of last year as a result of the negative adverse impact of COVID-19 in the year-end of 2022.