Renze Harvest International Limited provided earning guidance for year ended 31 December 2023. The board of directors of the Company wishes to inform the shareholders and potential investors of the Company that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2023 (the "FY2023") and information currently available, the Group expects to record a profit for the year of
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.