China Wantian Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ending 31 March 2023. For the year, the group expects to record a net loss of approximately HKD 27 million for the year ending 31 March 2023 (the Current Year) as compared to a net loss of approximately HKD 11 million for the year ended 31 March 2022. The Board considers that the expected increase in net loss for the Current Year was mainly attributable to the increase in administrative and payroll expenses of approximately HKD 7 million incurred in relation to the establishment of the Group's Greater Bay Area headquarters and as part of its business expansion in the Greater Bay Area; the increase in impairment losses of trade receivables of approximately HKD 3 million; and the recognition of the share-based payment expenses of approximately HKD 6 million arising from the share options granted under the share option scheme of the Company in the Current Year.