According to the Zhitong Finance App, Hong Kong China Travel Service (00308) issued an announcement. Compared with losses attributable to shareholders of approximately HK$356 million for the year ended December 31, 2022, the Group's consolidated results for the year ended 31 December 2023 are expected to achieve profits attributable to shareholders of more than HK$200 million.

The Board of Directors believes that the reversal of loss to profit for the year ended December 31, 2023 was mainly due to the significant improvement in the Group's operating performance due to the relaxation of travel control and social distancing measures related to the COVID-19 pandemic and the effective implementation of the company's strategy. This factor was partially offset by the Group's calculation of China's land value-added tax.