Apollo Future Mobility Group Limited provided consolidated earning guidance for year ended 31 December 2023. The board of directors informed the shareholders of the Company and potential investors that the Group is expected to record a consolidated net loss ranging from HKD 700 million to HKD 1,100 million for the year ended 31 December 2023 as compared with the consolidated net profit of approximately HKD 266.3 million for the fifteen months ended 31 December 2022. Based on information currently available to the Board, the Expected Loss is mainly attributable to, among others, (i) the expected decrease in revenue mainly due to the disposal of certain subsidiaries subsequent to the Last Period; (ii) the absence of fair value gains on contingent consideration payables for the Year, while a one-off fair value gain on contingent consideration payables of approximately HKD 274.9 million was recognized in the Last Period; (iii) the expected decrease in fair value gains on financial assets at fair value through profit or loss as compared to approximately HKD 439.3 million recorded in the Last Period; and (iv) the expected increase in impairment of goodwill and promissory notes as compared to approximately HKD 107.8 million recorded in the Last Period.