CCT Fortis Holdings Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expected to record an unaudited consolidated loss of not less than approximately HKD 130 million for the Period as compared to a net loss attributable to owners of the parent of HKD 17 million recorded for the six months ended 30 June 2022. The Board considers that such expected unaudited consolidated loss for the Period was mainly attributable to the following factors: the Group recognised a one-off compensation income of approximately HKD 93 million from a legal proceeding during the Prior Period, whilst no such corresponding income was recognised during the Period, resulting in an increase in the Group's losses; the increase in finance costs of approximately HKD 20 million arising from the surge in interest rates during the Period; and the estimated non-cash loss of approximately HKD 44 million resulting from the set-off of the outstanding principal amount of the 2024 Bonds of HKD 220,000,000 on a dollar-to-dollar basis against the subscription price of the 2025 Convertibles Bonds of HKD 220,000,000.