i.century Holding Limited provided group earnings guidance for the three months ended 30 June 2023. The Group is expected to record a loss attributable to the owners of the Company of not less than HKD 4.8 million for the Relevant Period, as compared to a profit attributable to the owners of the Company of approximately HKD 32,000 in the corresponding period last year. The Board considers that the deterioration in the performance of the Group for the Relevant Period was mainly attributable to the combined effects of (i) decrease in both revenue and gross profit; (ii) absence of government grants in respect of COVID-19 related subsidies provided by the Government of the HKSAR; (iii) increase in provision for expected credit loss allowance on trade receivables; and (iv) increase in rental expenses, which mainly attributable from the existing Group's property did not provide sufficient space for the Group's daily operation, therefore the Group entered into a tenancy agreement with connected persons of the Group for leasing five units adjacent to the Group's property.