Value Convergence Holdings Limited provided group earnings guidance for the year ended 31 December 2023. for the year, Group is expected to record a loss attributable to owners of the Company of no less than HKD 300 million as compared to a loss of approximately HKD 178 million for the year ended 31 December 2022. The main reasons of the change during the year include: (i) increase in impairment loss on accounts receivables of approximately HKD 130 million; (ii) loss on disposal of subsidiaries of approximately HKD 30 million; and (iii) share based payment in respect of share options granted in January 2023 of approximately HKD 11 million; but partially offset by decrease in net realised and unrealised loss on investments held for trading of approximately HKD 45 million.