GRP Limited provided earning guidance for the financial year ended 30 June 2023. The Board of Directors announced that following a preliminary review of the unaudited financial results for the financial year ended 30 June 2023 ("FY2023"), the Group is expected to report a loss for the fourth quarter ended 30 June 2023 as compared to a profit for the fourth quarter ended 30 June 2022, and accordingly the Company is expected to report a higher loss for FY2023 as compared to the previous financial year. This is mainly due to review and assessment of the assumptions to be used for assessment of the carrying values of certain receivable assets and costs of the Group: $4.28 million impairment on long outstanding receivable due from the People's Republic of China authority; and $0.3 million provision for recovery of deposits paid to professional firms and travelling expenses, incurred by the former Chief Executive Officer for period from 5 June 2023.