China Environmental Resources Group Limited provided earnings guidance for the six months ended 31 December 2023. For the period, the Group 's unaudited consolidated loss will increase to not less than HKD 40.00 million as compared with the loss for the corresponding period in 2022 of approximately HKD 2.24 million. The Board considers that such increase was attributable to the combined effects of the followings during the six months ended 31 December 2023: (i) decrease in other income to approximately HKD 1.3 million; (ii) fair value loss on investment properties of approximately HKD 11.4 million; (iii) loss arising from changes in fair value less costs to sell of biological assets of approximately HKD 30.4 million; and (iv) turnaround of income tax expense to income tax credit of approximately HKD 8.0 million.