The Board of China Travel International Investment Hong Kong Limited provided unaudited consolidated earnings guidance based on the preliminary review of the unaudited consolidated management accounts of the Company and its subsidiaries (collectively, the "Group") for the year ended 31 December 2023 and the information currently available to the Board, a profit attributable to shareholders of more than HKD 200 million is expected to be recorded in the Group's consolidated results for the year ended 31 December 2023, as compared with the loss attributable to shareholders of approximately HKD 356 million for the year ended 31 December 2022. The Board considers that the turnaround from loss to profit for the year ended 31 December 2023 is mainly attributable to the significant improvement in the operating performance of the Group following the relaxation of COVID-19 pandemic related travelling restrictions and social distancing measures and the effective implementation of the Company's strategy, partially offset by the Group's provision of PRC land appreciation tax.