Mingfa Group (International) Company Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the Group is expected to record a loss for the year of the Company in the range of approximately RMB 500 million to RMB 800 million for the Reporting Period as compared to a profit for the year of the Company of approximately RMB 18.6 million for the year ended 31 December 2022.