7Road Holdings Limited provided earnings guidance for the year ended 31 December 2023. The Group is expected to record a net loss of approximately RMB 140 million for the year ended 31 December 2023 compared with a profit for the year of RMB 280 million for the year ended 31 December 2022. The turnaround from profit to loss was mainly attributable to (i) the absence of gain on disposal of an associate of other gain or loss, net, for the year ended 31 December 2023, which recorded approximately RMB 306 million for the year ended 31 December 2022, (ii) the impairment of assets in relation to the Group's cloud computing business, and (iii) a recorded increase in fair value loss of the Group's financial assets, mainly attributable to the fair value loss of a trust, as referred to the Company's announcement dated 14 August 2023.