Fullsun International Holdings Group Co., Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the six months, the group is expected to record net loss for the Reporting Period in the range from approximately RMB 260 million to RMB 290 million, when compared with net loss recorded for the six months ended 30 June 2022 of approximately RMB 316.8 million. Based on the latest information available, the loss for the Reporting Period mainly attributed to the gross loss which is approximately RMB 127.0 million owing to challenging environment of property development market in China, change in fair value of interests in deconsolidated subsidiaries which is approximately RMB 22.7 million and increased in administrative expenses due to the professional fee regarding the scheme arrangement in very substantial disposal completed on 26 July 2023.