Kaisa Group Holdings Ltd. provided earnings guidance for the six months ended 30 June 2023. For the period, the Group is expected to record a net loss ranging from approximately RMB 6 billion to RMB 7 billion for the Period, compared to the net loss of RMB 7.8 billion for the same period last year. The decrease in the net loss is mainly due to the decrease in the exchange loss on debts denominated in USD due to the continuous depreciation of RMB against USD; and the decrease in net fair value losses on financial assets at fair value through profit or loss.