Kwoon Chung Bus Holdings Limited provided consolidated earnings guidance for the six months ended September 30, 2023. For the period, the company expects to turnaround from loss to profit and record a consolidated profit before taxation of approximately HKD 19 million for the Period, as compared to a consolidated loss before taxation of approximately HKD 40 million for the corresponding period last year. The aforesaid turnaround was mainly attributable to the demand for cross-boundary transport services being rebounded steadily after the full resumption of normal travel between Mainland China, Hong Kong and Macau since early 2023, resulting in a significant increase in the revenue of the Group's core cross-boundary transport services; certain suppliers agreeing to waive the deferred payables during the pandemic through friendly negotiation, such adjustments on payables were recognized in profit and loss during the Period; a strong recovery in the tourism sector in Mainland China after the relaxation of pandemic prevention and control measures in Mainland China, resulting in an increase in the revenue of the Group's Mainland China business; and the positive results of the implementation of efficient cost control measures by the Group.