Shanghai Realway Capital Assets Management Co., Ltd. provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects to record a net loss of not more than RMB 30.0 million for the Period, as compared to a net loss of approximately RMB 10.7 million for the six months ended 30 June 2022. The Group is expecting an increase in net loss for the Period, mainly due to (i) the slowdown in the development in the Group's real estate fund management business during the Period due to the challenging conditions of the real estate industry and that market confidence has not yet fully recovered, resulted in the decrease in the income from management fees as compared with the corresponding period last year; and (ii) the loss in the Company's investments in associates or joint ventures at fair value through profit or loss as a result of the transfer of the interests of the funds.