Classified Group (Holdings) Limited provided unaudited consolidated earnings guidance for the three months ended March 31, 2023. For the period, the company expects a loss of not more than HKD 2.0 million for 2023Q1 as compared with a loss of approximately HKD 1.2 million recorded for the three months ended 31 March 2022. The Board considers the Group's increase in loss-making position for 2023Q1 was mainly attributable to the net effect of reduction in government subsidies and rent concessions related to COVID-19; and closure of two loss-making restaurants upon expiry of their respective tenancy agreements in 2022.