The board of directors of China State Construction Development Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary unaudited consolidated management accounts of the Group for the six months ended 30 June 2023 and other information currently available to the Board, the Board anticipates that the Group's profit attributable to owners for the First Half of 2023 will record an increase of not less than 35% as compared to the profit attributable to owners of HKD 322 million for the six months ended 30 June 2022. The increase in profit was mainly attributable to an increase in the revenue and the gross profit margin of the facade contracting business in Hong Kong and Macau as compared with the First Half of 2022.