Forward Fashion (International) Holdings Company Limited provided unaudited consolidated guidance for the twelve months ended 31 December 2023. For the period, the company expected to record a net loss of not more than HKD 20 million for the twelve months ended 31 December 2023 as compared with the net loss of HKD 36.5 million for the twelve months ended 31 December 2022. The Board is of the view that the improvement in the financial performance of the Group and the reduction in the expected net loss for the financial year ended 31 December 2023 are mainly due to the increase in the Group's revenue following better sales performance and the success in the Group's stringent cost control.

The Group has noted that the market has been gradually recovered after the easing of the novel coronavirus (COVID-19) pandemic, and customer consumption willingness has increased, marking a positive trend for the Group's businesses. At the same time, the Group has remained vigilant in monitoring the market conditions and has proactively adapted its business strategies and operations accordingly in response to the market conditions.