Citychamp Watch & Jewellery Group Limited provided preliminary unaudited group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record profit after tax not less than HKD 50,000,000 whereas the Group recorded loss after tax of approximately HKD 119,437,000 for the year ended 31 December 2022. The Board believed that the above-mentioned turn from loss to profit is mainly due to the fact that there has been significant improvements in both the watches and timepieces businesses and the banking business for the year 2023.