KWG Group Holdings Limited provided unaudited earnings guidance for the six months ended 30 June 2023. For the period, the company expected to record a loss attributable to owners of the Company not exceeding RMB 9,900 million for the Period, as compared to the profit attributable to owners of the Company of approximately RMB 435 million recorded for the corresponding period in 2022. The expected loss was mainly due to the continual unfavourable market conditions in the real estate market of the People's Republic of China (``China''), resulting in (i) the decrease in sales of properties and gross profit margin recorded during the Period; (ii) the increase in impairment of property projects during the Period; (iii) the increase in fair value loss on investment properties; and (iv) the increase in finance costs recognized in profit or loss during the Period due to the decrease in the interest capitalisation rate.