The board of directors of Poly Culture Group Corporation Limited unaudited consolidated management accounts of the Company and its subsidiaries for the year ended 31 December 2022 the operating profit of the Group decreased due to the continuous impact of the COVID-19 pandemic in the Current Year. It is expected to record a loss for the period attributable to equity shareholders of the Company of approximately RMB 280 million to RMB 320 million in the Current Year, as compared to a loss for the period attributable to equity shareholders of the Company of approximately RMB 140 million for the year ended 31 December 2021.