China Asia Valley Group Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record a slight profit attributable to the Shareholders of not more than HKD 4 million as compared to a loss attributable to the Shareholders of approximately HKD 47 million for the year ended 31 December 2022. Based on currently available information, the turnaround from loss to profit was mainly attributable to the fair value gain on the investment properties amounting to approximately HKD 2 million as compared to fair value loss of the corresponding period of 2022 amounting to approximately HKD 46 million.