Summit Ascent Holdings Limited provided consolidated earnings guidance for the six-month period ended 30 June 2023. For the six months, the group is expected to record a loss attributable to owners of the Company of approximately HKD 16.1 million for the six-month period ended 30 June 2023 as compared to the profit attributable to owners of the Company of approximately HKD 85.2 million for the corresponding period in 2022. The expected loss attributable to owners of the Company for the six-month period ended 30 June 2023 is mainly due to the recognition of exchange losses of approximately HKD 35.2 million caused by the fluctuation of the Russian Ruble exchange rate, whereas exchange gains of approximately HKD 157.1 million were recognised for the corresponding period in 2022.