Loco Hong Kong Holdings Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects to record a consolidated net profit attributable to the owners of the Company of not less than approximately HKD 15 million for financial year 2023, as compared to a consolidated net loss attributable to the owners of the Company of approximately HKD 22.1 million for the corresponding period in 2022, achieving a turnaround from loss to profit and significant growth, which is mainly attributable to an increase in the consolidated revenue of the Company from the trading of metal and metal supply chain business (the "Metal Business") in Hong Kong, the mainland of the People's Republic of China (the "PRC Mainland") and internationally, and the education management services business in the PRC Mainland (the "Education Management Services Business"). The growth in the Metal Business was driven by the continued growth trend maintained by the Metal Business in 2023 amidst the gradual normalization and resumption of global trade, and the Group's long-term layout accumulation and proactive efforts in successfully broadening the product varieties of the Metal Business and expanding international trades.

In 2023, the Group has successfully established stable business relationships with a number of large state-owned enterprises, large comprehensive key enterprises in the PRC Mainland and international corporations. The number of customers in the Metal Business increased from 4 in financial year 2022 to 9 in financial year 2023. 2 additional new customers were secured in the first quarter of 2024, which brings the total number of customers to 11 as at the date of this announcement.