Jiu Rong Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expects to record a material increase in the loss attributable to owners of the Company for the period as compared to the net loss attributable to owners of the Company for the year ended 31 December 2022. The Board is of the view that the expected significant increase of loss is mainly due to the expected credit loss on trade receivables of approximately HKD 103,000,000; the expected credit loss on prepayments, deposits and other receivables of approximately HKD 53,000,000; impairment loss on property, plant and equipment of approximately HKD 83,000,000; share of loss of associates of approximately HKD 88,000,000.