Legend Strategy International Holdings Group Company Limited provided consolidated earnings guidance for the year ended December 31, 2023. The board of directors of the company informed the shareholders of the Company and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2023 and taking into consideration the information currently available to the Board, compared with the audited consolidated net loss of approximately HKD 18.9 million for the year ended 31 December 2022, the Group is expected to record a consolidated net loss of approximately HKD 62.3 million for the year ended 31 December 2023, representing a significant year-on-year increase of approximately HKD 43.4 million or approximately 229.63%. Such increase in loss was mainly attributable to (i) provision for impairment loss on property, plant and equipment, right of use assets and goodwill; (ii) increase in provision for impairment loss on trade receivables; and (iii) fair value loss on the financial asset at fair value through profit or loss.