Luks Group (Vietnam Holdings) Company Limited provided group earnings guidance for the year ended 31 December 2023. for the year, Group is expected to record a net loss for the year ended 31 December 2023 ranging from HKD 80 million to HKD 120 million as compared to a net profit recorded for the year ended 31 December 2022 of approximately HKD 48,498,000. The loss was primarily attributable to:- (i) Due to continuous losses of the Group's cement business in past two years, and according to an independent valuer's assessment, the recoverable amount of the cash-generating unit of the cement business has significantly reduced and thus, a provision for impairment loss on the Group's properties, plants and equipment was made thereof; and (ii) The Group recorded lesser fair value gains on investment properties for the year ended 31 December 2023, as compared to the year of 2022.