Global Mastermind Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. The board of directors informed the shareholders of the company and potential investors that based on a preliminary assessment of the unaudited consolidated management accounts of the Group and the information currently available, the loss of the Group for the six months ended 30 June 2023 is expected to decrease by over 85% as compared to the loss of HKD 32.44 million for the six months ended 30 June 2022. This decrease in loss is mainly attributable to a reversal of allowance for expected credit loss on loan receivables in first half of 2023, in contrast to the recognition of allowance for expected credit loss on loan receivables in first half of 2022.