Qingdao Holdings International Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record a loss attributable to owners of the Company of no more than RMB 52 million as compared to a loss attributable to owners of the Company of approximately RMB 63.5 million for the year ended 31 December 2022. The loss mainly resulted from the combined effects of the decrease in fair value of investment properties of the Group due to the continuous unfavourable market conditions; and a significant decrease in rental income generated from PRC properties compared with last year.