Champion Alliance International Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2022. For the period, the Group is expected to record a net loss of approximately RMB 15 million for the Year as compared to a net profit of approximately RMB 24.3 million for the year ended 31 December 2021. The turnaround was primarily due to an impairment of inventory in the cigarette packaging products segment with net amount of approximately RMB 31 million.