Dexin China Holdings Company Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended June 30, 2023. For the period, the group expects to record a net loss ranging from approximately RMB 300 million to RMB 500 million as compared to a net profit of approximately RMB 904 million for the corresponding period in 2022; and a loss attributable to the Shareholders ranging from approximately RMB 500 million to RMB 600 million, as compared to a profit attributable to the Shareholders of approximately RMB 740 million for the corresponding period in 2022. The expected decrease is mainly due to lower gross profit margin on real estate projects recognized resulting from the continuous downturn in macro economy and the real estate market; impairment of real estate projects as affected by the market environment; the decrease in share of results from investment in joint ventures and associates as a result of less real estate projects held by joint ventures and associates for sale recognized during the Period; and foreign exchange losses.