Century City International Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary review by management of the Company on the unaudited consolidated management accounts of the Group for the six months ended 30th June, 2023, it is expected that the Group will incur a net loss of approximately HKD 244 million for the 2023 Interim Period, while for the comparable six months in 2022, an attributable profit of HKD 137.3 million was attained. Although the Group has operated profitably in its two principal business segments comprising property and hotel businesses, the results contributed by those two segments in the 2023 Interim Period were relatively lower than those in the corresponding period last year. Moreover, due to the substantial increase in the Group's financial costs on account of the rapid hike in the interest rates in Hong Kong during the recent months as well as the significant amount of depreciation charges required to be provided on the Group's hotel properties to conform to accounting standards, the Group has recorded a loss attributable to shareholders for the half year under review.