China Ever Grand Financial Leasing Group Co., Ltd. provided earnings guidance for the year ended December 31, 2023. For the year, the company expects a loss of approximately not less than HKD 35 million for the year ended 31 December 2023 as compared to a profit of HKD 43.6 million for the year ended 31 December 2022 (the "Corresponding Year"). The expected turnaround from profit to loss for the Group was mainly attributable to the net effect of the following factors arising from the Deconsolidated Subsidiaries: there was an absence of a one-off gain on derecognition of financial asset and related financial liabilities at amortised cost in relation to financial lease projects of the Group in the Current Year, as compared to a net gain of approximately HKD 169.4 million of the same nature was recorded in the Corresponding Year; and In the Current Year, the Group recorded a significant decrease in impairment losses under expected credit loss model, with a reduction of not less than HKD 50 million in impairment losses as compared to the impairment losses of approximately HKD 62.2 million in the Corresponding Year.