Modern Dental Group Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expects the revenue for Fiscal Year 2023 is expected to be within the range of HKD 3,125 million to HKD 3,225 million, representing an increase within the range of approximately 10.4% to 14.0%, compared to the revenue for the year ended 31 December 2022 of approximately HKD 2,830 million; the earnings before interest, taxes, depreciation and amortisation for Fiscal Year 2023 is expected to be within the range of HKD 675 million to HKD 705 million, representing an increase within the range of approximately 45.8% to 52.3%, compared to the EBITDA for Fiscal Year 2022 of approximately HKD 463 million; and the net profit for Fiscal Year 2023 is expected to be within the range of HKD 390 million to HKD 410 million, representing an increase within the range of approximately 76.5% to 85.5%, compared with a net profit for Fiscal Year 2022 of approximately HKD221 million. The increase in the Group's record revenue was predominately driven by an increase in sales volume and market share, as accelerated by the digitalization trend in dental industry.

As the challenging macro-economic environment continues to negatively affect our competitors, the Group's multi-dimensional strategies and comprehensive products portfolio, encompassing higher-priced dental treatments and cost-effective dental treatments, enabled the Group to capitalize on market opportunities by capturing new customers and increase its sales volume, and in each case displaying the Group's ability to outperform its competitors throughout the economic cycle.