China New City Commercial Development Limited provided earnings guidance for the six months ended 30 June 2023. For the period, an unaudited consolidated net loss of approximately RMB 72.0 million is expected to be recorded with compared to the unaudited consolidated net loss of approximately RMB 238.5 million of the Group for the same period last year, which was primarily attributable to the fact that the Group has recorded the changes in fair value of investment properties of approximately RMB 29.9 million for the 2023 Period.