Value Convergence Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2023. The group is expected to record an unaudited consolidated loss attributable to owners of the Company in the range of approximately HKD 130 million to HKD 150 million for the six months ended 30 June 2023 as compared to loss of approximately HKD 62 million for the six months ended 30 June 2022. The main reasons of the changes are: increase in net realised and unrealised loss in financial assets at fair value through profit or loss of approximately HKD 22 million for the period ended 30 June 2023 compared to same period last year; increase in impairment loss on accounts receivable and other receivables of approximately HKD 31 million for the period ended 30 June 2023 compared to same period last year; share based payment of approximately HKD 11 million pursuant to options granted by the Company in January 2023; and absence of gain on acquisition of financial assets at fair value through profit or loss of approximately HKD 9 million for the period ended 30 June 2022.