Huisheng International Holdings Limited provided earnings guidance for the year ended 31 December 2023. For the period, the Group is expected to record a loss of not more than RMB 155 million as compared to a loss with the same period in last year which are mainly attributable to the recognition of (i) impairment loss of property, plant and equipment of not more than RMB 60 million; (ii) write-off of property, plant and equipment of not more than
RMB60 million and (iii) an allowance for expected credit loss of not more than RMB 30 million.