Alpha Professional Holdings Limited provided earnings guidance for the six months ended 30 September 2023. For the period, the Group expects to record a loss of not more than HKD 25.0 million as compared with the profit of approximately HKD 20.5 million (including continuing and discontinued operations) for the six months ended 30 September 2022. The expected turnaround from profit to loss was primarily attributable to: a significant decrease in revenue for the six months ended 30 September 2023 as compared to the same period of last year, which was mainly due to the decrease in the sales volume of milk powder; the recognition of a non-recurring purchase discount of approximately HKD 25.4 million for the six months ended 30 September 2022 regarding the subscription of 9,541,620 shares (the "Bubs Shares") of Bubs Australia Limited at nil consideration, whereas no such discount was recognised for the six months ended 30 September 2023; and the recognition of an unrealised loss of approximately HKD 3.2 million arising from changes in fair value of financial assets at fair value through profit or loss by measuring the Bubs Shares at their fair value as at 30 September 2023.