Icon Culture Global Company Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the group expected to record a net loss of no more than RMB 88 million for the Year (the year ended 31 December 2022: net loss of RMB 39.2 million (as restated)). The increase in expected loss was mainly due to the increase in credit loss allowance for the trade receivables with slow collection.