The board of directors of Peking University Resources (Holdings) Company Limited announced that, based on the information currently available and the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2023, the Group is expected to record a profit of approximately RMB 1.0 billion for the year ended 31 March 2023 as compared to a loss of approximately RMB 433.7 million for the fifteen months ended 31 March 2022.