China Wantian Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 September 2023. The Group is expected to record a net loss of approximately HKD 16 million for the six months ended 30 September 2023 as compared to a net loss of approximately HKD 8 million for the six months ended 30 September 2022. The Board considers that such expected increase in the net loss was mainly attributable to (i)
the increase in operating loss of approximately HKD 5 million in the Group's green catering business due to the increase in the start-up costs and other indirect costs associated with the newly opened restaurants; and (ii) the increase in impairment loss of trade receivables of approximately HKD 3 million.