Metropolis Capital Holdings Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2023. for the year, there was an expected slight increase in the Group's revenue by approximately RMB 0.8 million or approximately 1.6% for FY2023, as compared to that for the year ended 31 December 2022 the Group is expected to record a decrease in loss before tax for FY2023. It is expected that the Group would record a decrease in loss before tax of around 70% for FY2023, as compared to a loss before tax of approximately RMB9.9 million for FY2022.

Such an expected decrease in loss before tax for FY2023 was primarily attributable to the (i) reversal of net loss allowances on finance lease receivables and receivables arising from sale and leaseback arrangements (collectively, the ``Lease Receivables''), mainly due to many customers repaid or settled their respective Lease Receivables, which were overdue and unpaid as at 31 December 2022, during the FY2023; and (ii) decrease in finance costs due to the decrease in interests on bank and other borrowings as the balance of bank and other borrowings decreased, offset by (a) recognition of net loss allowances of factoring receivables, instead of reversal of net loss allowances of factoring receivables for the FY2022, as the amount of factoring receivables, especially overdue and unpaid ones, increased significantly; and (b) increase in other operating expenses as well as staff costs due to the increase in number of offices and employees in the FY2023 in light of the Group's business strategies. The management would keep a close eye on the Group's assets performance and would take actions as and when appropriate.