The board of directors of Guangdong Land Holdings Limited informed the shareholders of the Company and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group, it is expected that the Group will record an unaudited loss attributable to owners of the Company of not more than HKD 220 million for the six months ended 30 June 2023, while the unaudited profit attributable to owners of the Company for the same period in 2022 was approximately HKD 238 million.