KWG Group Holdings Limited provided consolidated earnings for the year ended 31 December 2023. For the period, the Group is expected to record a loss attributable to owners of the Company not exceeding RMB 19.0 billion for the Year, as compared to the loss attributable to owners of the Company of approximately RMB 9.241 billion recorded for the same period last year. The expected loss was mainly due to the continual unfavourable market conditions in the real estate market of the People's Republic of China, resulting in (i) the gross loss margin recorded during the Year; (ii) the increase in impairment of property projects during the Year; (iii) the increase in fair value loss on investment properties during the Year; (iv) the increase in finance costs recognized in profit or loss during the Year due to the decrease in the interest capitalisation rate; and (v) the write-off of deferred tax assets recognised in prior years in respect of unutilised tax losses during the Year.