Kingboard Holdings Limited provided earnings guidance for the six months ended June 30, 2023. Based on the preliminary review of the unaudited management accounts of the Group for the six months ended 30 June 2023 (the "Reporting Period") and the information currently available to the KBH Board, the Group is expecting to record a net profit of more than HKD 1.3 billion in the Reporting Period, representing a decrease in net profit of not more than 46% as compared with the corresponding period last year. The expected decrease in the net profits of the Group in the Reporting Period is primarily attributable to the decrease in both unit selling price and quantity of the laminates products and chemicals products manufactured and sold by the Group and the decrease in the number of residential properties handed over.