Palinda Group Holdings Limited provided earnings guidance for the year ended December 31, 2023. For the period, the Group is expected to record a loss of not less than HKD 9,000,000 for the year ended 31 December 2023 as compared to the profit of HKD 6,550,000 as recorded in the corresponding period in 2022. The Board considers that the loss for the year was mainly due to the drop of gross profit margin from 9.2% for the year 2022 to 5.8% for the year 2023; the impairment on biological assets approximately HKD 5 million; and the fair value change of biological assets of approximately HKD 4.5 million.