Neway Group Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record a loss in the range of approximately HKD 70.0 million to HKD 85.0 million, as compared to a loss of approximately HKD 2.4 million for the year ended 31 December 2022 (FY 2022). The Board considered that such an increase in loss was primarily attributable to the absence of the gain on disposal of a subsidiary of the Company which owned an industrial building in Fanling, Hong Kong completed during Fiscal Year 2022 of approximately HKD 76.4 million; the decrease in exchange gain recorded during Fiscal Year 2023 to approximately HKD 1.0 million as compared to that of Fiscal Year 2022 (FY 2022: exchange gain of approximately HKD 13.0 million); and the decrease in revenue and gross profit margin of the Group's manufacturing and sales business of printing products recorded during Fiscal Year 2023 as compared to those of Fiscal Year 2022.