China Zenith Chemical Group Limited provided unaudited earnings guidance for the six months ended 31 December 2023. The company is expected to record a loss as compared with the net profit of approximately HKD 276 million for the six months ended 31 December 2022. The Board considers that the expected to record a gross profit of approximately HKD 7 million for the Reporting Period.

Due to the one-off profit of approximately HKD 405 million from gain on deconsolidation of a subsidiary in the last reporting period did not recur in the Reporting Period, expected to record a net loss not more than HKD 100 million for the Reporting Period, the expected net loss for the Reporting Period will mainly be attributable from interest expenses, and depreciation expenses of property, plant and equipment and right- of-use assets.