Tian Chang Group Holdings Ltd. provided consolidated earnings guidance for the year ended December 31, 2023. Based on the preliminary assessment by the Board on the unaudited consolidated management accounts of the Group for the year ended 31 December 2023 and the information currently available to the Board, the Group expects to record a decrease in revenue for the year ended 31 December 2023 by not less than 30% from HKD 1,143.9 million; and a decrease in net profit for the year ended 31 December 2023 by not less than 60% from HKD 105.9 million as compared to the year ended 31 December 2022. The Board considers that the expected decrease in revenue and net profit are mainly attributable to the decrease in sales of electronic cigarettes (the "e-cigarettes") products.

As disclosed in the Company's public announcements dated 14 March 2022, 14 June 2023 and 12 January 2024, with the removal of the exclusivity term with the major customer of e-cigarettes products, the number of sales orders for e-cigarettes products decreased during the year.