Guangdong Land Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2024. The Group, it is expected that the Group will record an unaudited loss attributable to owners of the Company of not more than HKD 100 million for the three months ended 31 March 2024, while the unaudited profit attributable to owners of the Company for the same period in 2023 was approximately HKD 111 million. As at 31 March 2024, the Group's financial position remained stable.

The major factors that affected the said anticipated results of the Group for the three months ended 31 March 2024 include the following: the fair value gains on investment properties recorded by the Group during the period under review decreased significantly when comparing with the same period in 2023; and due to the intensified efforts in destocking and cessation of capitalisation of completed properties held for sale of the Group, selling and marketing expenses and net finance costs increased when comparing with the same period in 2023.