Universe Printshop Holdings Limited provided consolidated earnings guidance for the three months ended June 30, 2023. For the period, the company expects to record a loss attributable to owners of the Company of approximately HKD 5.6 million for the period (excluding the impact of a one-off loss on modification of leases for retail shops of approximately HKD 0.2 million, one-off gain on disposal of equipment of approximately HKD 2.1 million and one-off legal and professional fees in relation to disposal of equipment and major and connected transaction in relation to proposed acquisition of the machinery of approximately HKD 0.7 million), as compared to a loss attributable to owners of the Company of approximately HKD 4.5 million for the three months ended 30 June 2022 (excluding the impact of a one-off gain on modification of leases for retail shops of approximately HKD 0.2 million, one-off government subsidies of approximately HKD 1.9 million and one-off legal and professional fees in relation to mandatory unconditional cash offer of approximately HKD 1.4 million). The expected increase in the Group's loss attributable to owners of the Company for the three months ended 30 June 2023 was mainly attributable to the decrease in the demand for the Group's printing services and increased competition within the industry.