Leading Holdings Group Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the group is expected to record a net loss ranging from approximately HKD 800 million to HKD 1,100 million for the Reporting Period as compared to the net loss of HKD 5,098 million for the year ended 31 December 2022. Based on the information currently available, such expected decrease in loss was primarily due to the significant decrease in the provision for impairment loss on the properties under the construction during the Reporting Period as compared with that of 2022.

During the year ended 31 December 2022, the Company has recorded substantial provision for impairment loss on properties under the construction considering the recurrence of Covid-19 pandemic, the sluggish domestic economy and the continuously shrinking demand of real estate market. As the market conditions remain negative, the Company has taken a contractile business strategy and did not launch new projects during the Reporting Period. Thus, despite the further dipping market, the Company recorded less impairment loss during the Reporting Period.