Rare Earth Magnesium Technology Group Holdings Limited provided unaudited consolidated group earnings guidance for the six months ended 30 June 2023. For the period, the group expects the revenue to be around HKD 103 million (first half of 2022: HKD 239 million), representing a decrease of approximately 57% year-on-year. The group expects to record a net loss ranging from approximately HKD 110 million to HKD 120 million, while the net loss for the same period last year was approximately HKD 96 million.