According to the preliminary evaluation of the unaudited comprehensive management accounts of the Group for the period ended June 30, 2024 ('the relevant period') by the company's management, Haosen Fintech (03848) announced that the Group is expected to achieve a net profit attributable to owners of the company not exceeding RMB 8 million (RMB 20 million for 2023), mainly due to an increase in expected credit loss allowances for loans and accounts receivable.