The board Of Alibaba Pictures Group Limited based on its preliminary assessment of the unaudited consolidated management accounts of the Group and the information currently available to the Board, it is expected that the net
loss attributable to owners of the Company for the financial year ended March 31, 2023 will not exceed RMB 300 million, as compared with the net profit attributable to owners of the Company of RMB 169 million for the financial year ended March 31, 2022.