According to the Zhitong Finance App, CLASSIFIED GP (08232) announced that the Group expects a net loss of no more than HK$16 million for the year ended December 31, 2023, and a net loss of approximately HK$20.4 million for the same period in 2022. The loss reduction was mainly due to the following combined effects: the two loss-making restaurants each closed after the expiration of the 2022 lease agreement; depreciation of inventory to a reduction in net realizable value; reduction in impairment losses on right-to-use assets; and the net effect of an increase in revenue from existing restaurants despite significant reductions in government subsidies and rental concessions related to COVID-19.