Taizhou Water Group Co., Ltd. provided earnings guidance for the year ended 31 December 2023. The Group is expected to record an estimated loss attributable to owners of the parent in the range of approximately RMB 68.33 million to RMB 98.33 million for the Year as compared to a profit attributable to owners of the parent of approximately RMB 55.9 million for the year ended 31 December 2022. The expected loss attributable to owners of the parent for the Year was mainly due to the charge out of full-year recognition of depreciation expenses and project loan interest expenses for Taizhou Water Supply System (Phase III) and Taizhou Water Supply System (Phase IV) in 2023 compared to 2022, as both construction projects were gradually converted into fixed assets in the second half of 2022.