China Best Group Holding Limited provided group earnings guidance for the year ended 31 March 2023. The Group is expected to record a loss attributable to owners of the Company for the year ended 31 March 2023 in amount of not less than HKD 300 million as compared to that of approximately HKD 6.3 million for the year ended 31 March 2022. The Board considered that such significant increase was mainly attributable to, among other things, (i) the impairment loss on trade and other receivables in amount of approximately HKD 199 million; (ii) the impairment loss on loans and interest receivables in amount of approximately HKD 60 million; and (iii) the impairment loss on contract assets in amount of approximately HKD 9 million.