Space Group Holdings Limited provided group earnings guidance for the year ended 31 December 2023. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the currently available information of the Group, it is expected that the Group will record a loss attributable to owners of the Company approximately not less than approximately MOP 126.3 million for the year ended 31 December 2023 (the "Current Year"), as compared to the profit
attributable to owners of the Company of approximately MOP 21.5 million for the year ended 31 December 2022 (the "Prior Year"). Such turnaround from profit to loss was primarily due to the decrease in revenue. The Group's revenue for the Current Year decreased by approximately 40% to 45%, or approximately MOP 262.4 million to MOP 286.3 million, as compared to the Prior Year, and the overall gross profit for the Current Year decreased by approximately 48% to 52%, or approximately MOP 56.8 million to MOP 61.5 million, as compared to the Prior Year, mainly due to the decrease in fitting-out works.