Dexin China Holdings Company Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the period, the group expects to record a net loss ranging from approximately RMB 1,900 million to RMB 2,050 million for the Period, as compared to a net profit of approximately RMB 162 million for the corresponding period in 2022; and a loss attributable to the Shareholders ranging from approximately RMB 2,100 million to RMB 2,250 million, as compared to a profit attributable to the Shareholders of approximately RMB 374 million for the corresponding period in 2022. The expected decrease is mainly due to (1) an increase in the cost of sales as a result of the continuous downturn in macro economy and the real estate market; (2) fair value losses on investment properties recorded by the Group as affected by the market environment; (3) an increase in selling and marketing expenses and administrative expenses; (4) losses recorded from the share of results of joint ventures and associates during the Period; and (5) a reduction in the number of property projects under development during the Period as compared to that for the corresponding period in 2022, resulting in a decline in the capitalization rate of interest.