Ruicheng (China) Media Group Limited provided consolidated earnings guidance for the year ended December 31, 2023. For the year, the company expects to record a net loss for the Year of over RMB 22.0 million, as compared to a net loss of approximately RMB 11.7 million for the year ended 31 December 2022. The net loss for the Year is mainly attributable to provisions made in view of the recoverability of certain trade receivables of the Group.