Renze Harvest International Limited Provides Earning Guidance for Year Ended 31 December 2023
not more than HKD 55,300,000 representing a turnaround as compared to a loss for the year of approximately HKD 537,352,000 for the year ended 31 December 2022 ("FY2022"). Such expected turnaround was primarily due to (i) the one-off bargain purchase gain arising from the business combination of approximately HKD 550,515,000 in FY2023 and (ii) recovery of impairment losses on financial assets arising from acquisition of a subsidiary of approximately HKD 259,117,000 in FY2023.