Orient Victory Smart urban Services Holding Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects to record profit for the Period attributable to equity holders of the Company ranging from approximately HKD 17.0 million to approximately HKD 19.0 million, as compared to the profit for the period attributable to the equity holders of the Company of approximately HKD 3.2 million for the six months ended 30 June 2022. Based on the information currently available, the Directors consider that the expected increase in profit for the Period attributable to equity holders of the Company was attributable to a gain of HK$9.2 million recognized during the Period resulting from the disposal of Beijing Jinlv Shidai Tourism Co.

Limited, a then 51%-owned subsidiary of the Company which engaged in the outbound travel businesses in the Mainland China and the improvement of the segment result of the environmental hygiene businesses.