According to the Zhitong Finance App, SUBJECT GP (08232) announced that compared with the Group's quarterly results up to March 31, 2022, the company's losses of about HK$1.2 million, the Group is expected to lose no more than HK$2 million in the first quarter of 2023.

According to the announcement, the main factors that led to the Group's increase in losses in the first quarter of 2023 mentioned above: government subsidies related to the 2019 coronavirus, reduction in rent concessions, and the net effect of closing the leases of the two loss-making “Nest” restaurants after the expiration of their leases.