Legend Holdings Corporation provided preliminary unaudited consolidated earnings guidance for the year ended December 31, 2023. For the year, the group is expected to record a net loss attributable to equity holders of the Company for the Current Year ranging from approximately RMB 3,600 million to RMB 4,000 million (a net profit attributable to equity holders of the Company in 2022 was RMB 1,167 million). To the best knowledge of the directors, the expected change from profit to loss of the results for the Current Year is mainly attributable to, among other things, (i) the year-on-year decrease in the profit contributed by the Company's industrial operations segment due to market and industry factors against the backdrop of the slowdown in the global economy; and (ii) the year-on-year decrease in the income from the investment business of the Company's industrial incubations and investments segment due to the unfavorable impact of the market environment.

Despite the impact of the above adverse factors, the overall financial, business and operating conditions of the Company remain sound. In the future, the Company will continue to maintain a prudent and steady operating strategy, to keep consolidating the resilience of business development, and to reduce the impact of fluctuations in the external environment on its own performance on a best effort basis.