Future Bright Mining Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. for the year, the company expects the net loss for the Reporting Year is expected to be approximately RMB 19.9 million, as compared to the net loss of approximately RMB 8.9 million for the corresponding year in 2022. During the Reporting Year, no excavation work was conducted by the Group mainly as the Group was in the process of renewing its mining permit and hence no marble block was produced and sold.

On the other hand, as there was a serious coal mining accident in Inner Mongolia in February 2023, operators of the coal mines, being the suppliers of its commodity trading business, were required to undertake a safety inspection of their coal mines, during which coal mining activities had to be temporarily suspended and the Group's coal trading business during the first three quarters was adversely affected. To minimise the impact of the incident on the Group's coal trading business, the Group sourced coals from alternative suppliers in other regions at higher costs. As such, gross profit of both the marble block segment and commodity trading segment is expected to drop significantly.

In addition, the expected increase in net loss was also attributable to the loss arising from the de-registration of the Company's subsidiary in China during the Reporting Year. Apart from the above, finance costs of the Group is expected to increase from approximately RMB 0.3 million for the corresponding year in 2022 to approximately RMB 4.2 million for the Reporting Year. The expected increase was due to the loan interest expenses incurred in relation to loan agreements entered between the Group and independent third parties during the Reporting Year.