Forgame Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2023. For the period, the group is expected to record a loss for the reporting Period in the amount of approximately RMB 3 million, as compared to the profit of approximately RMB 11 million for the six months ended 30 June 2022. During the Reporting Period, revenue fell short of expectations, however, gross profit slightly increased due to the effective cost control measures.

The expected loss was principally attributable to the reversal of approximately RMB 21 million loan impairment for the six months ended 30 June 2022, which was partially offset by the increase of investment-related financial instruments gain (net of fair value change) by approximately RMB 7 million during the Reporting Period as compared to the same period in 2022, as the Group adopted a prudent investment strategy.