According to the Zhitong Finance App, Midland Group (01200) issued an announcement. According to a preliminary review of the Group's unaudited comprehensive management accounts for the 11 months ended November 30, 2023, the net loss attributable to equity holders was approximately HK$30 million, and according to the Group's current data, compared to the net loss attributable to equity holders of approximately HK$534 million for the year ended 31 December 2022, it is expected that the net loss attributable to equity holders for the year ended 31 December 2023 will narrow drastically.

As the Group's business in mainland China is in an extremely difficult business environment, the Group promoted a new sales management team and introduced a series of new measures (including repositioning its business model and reducing the size of its mainland business) in the last quarter of 2023, and drastically narrowed its mainland business losses in the last quarter of 2023.