New Huo Technology Holdings Limited provided group earnings guidance for the six months ended 31 March 2023. For the period, the Group is expected to record a net loss of not less than approximately HKD 150 million as compared to a net loss of approximately HKD 48.8 million for the six months ended 31 March 2022. The expected loss is mainly attributable to an increase in administrative expenses due to an increase in the staff cost of high calibre personnel and related professional service fees for the research and development of existing and new business as compared with that of the corresponding period in last year; and the provision of impairment loss of approximately HKD 100 million in relation to the failure to withdraw cryptocurrency assets from crypto exchange FTX as disclosed in the Company's announcement dated 14 November 2022.