JiaZhaoyi Group Holdings Limited (“JiaZhaoyi Group”) issued a profit warning, expecting a net loss of about RMB 190 billion to RMB 210 billion in 2023, an increase from the loss of RMB 130 billion in 2022. The increase was mainly due to an increase in the provision for depreciation on property items and expected credit losses. The Company notes that this forecast is based on an initial assessment of unaudited management accounts and currently available information. JIAZAO GROUP WILL ANNOUNCE DETAILED ANNUAL RESULTS ON 28 MARCH 2024. Shareholders and potential investors are advised to exercise prudence and heed the results announcement. The announcement was made by Mr. Guo Ying-sheng, Chairman and Executive Director of the Company, on March 22, 2024.

JiaZhaoyi Group Holdings Limited (“JiaZhaoyi Group”) issued a profit warning, expecting a net loss of about RMB 190 billion to RMB 210 billion in 2023, an increase from the loss of RMB 130 billion in 2022. The increase was mainly due to an increase in the provision for depreciation on property items and expected credit losses. The Company notes that this forecast is based on an initial assessment of unaudited management accounts and currently available information. JIAZAO GROUP WILL ANNOUNCE DETAILED ANNUAL RESULTS ON 28 MARCH 2024. Shareholders and potential investors are advised to exercise prudence and heed the results announcement. The announcement was made by Mr. Guo Ying-sheng, Chairman and Executive Director of the Company, on March 22, 2024.