Renco Holdings Group Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the Group is expected to record a decrease of approximately 31% in its consolidated loss after taxation for the Relevant Year to not less than HKD 322 million as compared with the loss after taxation of approximately HKD 466 million for the prior financial year ended 31 December 2022. The Board considers that the expected losses during the Relevant Year were mainly due to (i) the provision of losses on several overdue repayments of the financial assistances provided by the Group and additional provision of losses on certain overdue receivables under the litigation proceedings on the Overdue Financial Assistances of an aggregate of approximately HKD 211.55 million and (ii) the substantial fair value losses of approximately HKD 17.98 million arising from the adverse market price movements in the listed securities held by the Group at the fair value through its profit and loss.