Litu Holdings Limited provided earnings guidance for the six months ended 30 June 2023. The Group is expected to record a loss attributable to owners of the Company in the range of approximately HKD 46.2 million to HKD 56.4 million for the six months ended 30 June 2023, as compared to the profit attributable to owners of the Company of approximately HKD 16.6 million for the corresponding period of 2022. The loss attributable to owners of the Company was primarily attributable to: (i) the decrease of share of result of an associate of approximately
HKD 22.5 million; (ii) the recognition of impairment loss on interest in an associate of approximately HKD 20.0 million; and (iii) the recognition of impairment loss on goodwill of approximately HKD 48.2 million.