Beijing Capital Grand Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the period, the company expects to record a net loss attributable to owners of the Company of approximately RMB395 million, representing a significant decline in results performance as compared to the net loss attributable to owners of the Company of approximately RMB 224 million for the year ended 31 December 2021, which is mainly attributable to: the impact of the Covid-19 pandemic in 2022 was far greater than that of the previous year in terms of scope and duration, especially where 10 of the Group's 15 outlets operated by the Group (the Outlets) were closed temporarily.