XXF Group Holdings Limited provided earnings guidance for the year ended 31 December 2023. For the period, the company expects to record a profit attributable to owners of the Company of no less than RMB 103 million for the period, representing an increase of no less than 30.5% as compared to a profit attributable to owners of the Company of approximately RMB 78.9 million for the year ended 31 December 2022. The Board considered that the expected increase of profit attributable to owners of the Company for Fiscal Year 2023 was mainly attributable to: the recovery from the adverse impact of the outbreaks of COVID-19 in 2022, the increased sales and marketing efforts by the Group and the opening of new self-operated sales outlets to grow the Group's business, which increased the revenue of the Group; the increase in fair value gain on ordinary shares with redemption right; and the increase in listing expenses, finance cost and share-based compensation expenses, which partially offset the abovementioned positive effects.