Landsea Green Life Service Company Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expected expected to record a net loss after tax for the year ended 31 December 2023 in the range of approximately RMB 115 million to approximately RMB 155 million as compared to a net profit of approximately RMB 29 million for the year ended 31 December 2022. The Board considers that is mainly attributable to the increase in impairment losses provided for account receivable due from the related parties of the Company.