Champion Alliance International Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the group expected to record a net profit attributable to owners of the Company for the Relevant Year in the amount of approximately RMB 12,365,000, as compared with an audited net loss attributable to owners of the Company in the amount of RMB 18,243,000 for the year ended 31 December 2022. Such turnaround was primarily due to (i) the substantial increase in revenue for the household paper products segment of the Group during the Relevant Year; and (ii) the net loss attributable to owners of the Company in the amount of RMB 18,243,000 for the year ended 31 December 2022 was mainly due to the loss making position of the cigarette packaging products business of the Group in the amount of approximately RMB 48,251,000 and such business was ceased and disposed of by the Group in October 2022.