Kai Yuan Holdings Limited provided consolidated earnings guidance for the six months ending 30 June 2023. For the period, the company Group is expected to record a loss attributable to owners of the Company of approximately HKD 2.0 million for the six months ending 30 June 2023 (the "Interim Period") as compared to loss of approximately HKD 22.1 million recorded for the six months ended 30 June 2022 (the "Preceding Period"). The significant decrease in the expected loss for the Interim Period is mainly attributable to the gross profit of approximately HKD 30.8 million, of which is mainly contributed by the Paris Marriott Hotel Champs-Élysées ("Paris Marriott Hotel") during the Interim Period (six months ended 30 June 2022: gross loss of approximately HKD 18.3 million) because the Paris Marriott Hotel was partially closed for renovation in the Preceding Period; but partially offset by (i) the decrease in other revenue to approximately HKD 15.7 million (six months ended 30 June 2022: approximately HKD 26.0 million) primarily due to the absence of government grants during the Interim Period; (ii) the provision for impairment of a loan of approximately HKD 3.5 million on assets pledged by an associated company (six months ended 30 June 2022: nil); and (iii) the decrease in the income tax credit to approximately HKD 0.2 million (six months ended 30 June 2022: approximately HKD 5.7 million).