KangLi International Holdings Limited provided unaudited consolidated earning guidance for year ended 31 December 2023. The board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary review of the unaudited consolidated management accounts (the "Unaudited Consolidated Management Accounts") of the Group for the year ended 31 December 2023 (the "Reporting Year") and the latest information currently available, the Group expects to record a net profit of not less than RMB 60,000,000 for the Reporting Year as compared to a net loss of approximately RMB 31,253,000 for the year ended 31 December 2022. The Board believes that the aforementioned change is mainly attributable to, amongst others: (1) increase in sales volume during the Reporting Year; (2) increase in gross profit margin as a result of increase in utilization rate of production facilities which in effect reduced the overall production costs; and (3) the smaller extent of drop in average selling price of products than that in the average unit cost of raw materials.