Million Cities Holdings Limited provided earnings guidance for the year ended 31 December 2023. For the year, the Group expects to record loss ranging from RMB 530.0 million to RMB 680.0 million for FY
2023. Moreover, it is expected that the Group would record loss attributable to equity shareholders for Fiscal Year 2023 ranging from RMB 420.0 million to RMB 550.0 million, as compared with a profit attributable to equity shareholders of approximately RMB 69.2 million for Fiscal Year 2022.