The board of directors of the Fountain Set (Holdings) Limited announced that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2023 and other information currently available to the Board, the Group is expected to record a profit before income tax expense of approximately HKD 70 million to HKD 110 million and a net profit attributable to owners of the Company of approximately HKD 25 million to HKD 55 million for the year ended 31 December 2023 as compared to the loss before income tax expense of HKD 20.2 million and the net loss attributable to owners of the Company of approximately HKD 115.5 million for the year ended 31 December 2022. The net profit attributable to owners of the Company for the year ended 31 December 2023 was mainly attributable to the one-off gain of approximately HKD 196 million recorded during the year on disposal of the land use rights of part of the land parcel located at number 12, West District, Xiaoshan Road, Jiangyin City pursuant to the land resumption agreement dated 19 November 2023 between Jiangyin Fuhui Textile Company Limited* () (an indirect wholly-owned subsidiary of the Company) and the local government of Jiangyin City People's Government Chengdong Subdistrict Office. The one-off gain is still subject to audit and the actual amount will be determined upon completion of audit of the consolidated accounts of the Group for the year ended 31 December 2023.