The board of directors of Wasion Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2023, the Group is expected to record a consolidated net profit for the Reporting Year of over approximately RMB 500 million, as compared to the net profit of approximately RMB 323.80 million for the year ended 31 December 2022. Such increase is mainly attributable to the growth in sales revenue, increase in gross profit margin and the introduction of effective cost control measures.