Times China Holdings Limited announced guidance for six months ended 30 June 2023. The group expects that there will be a net loss attributable to the owners of the Company between approximately RMB 1.5 billion and RMB 2 billion for the six months ended 30 June 2023. The net loss attributable to the owners of the Company in the first half of 2023 was primarily attributable to (1) the decrease in the gross profit margin of projects recognized during the current period due to the weak real estate market in China; (2) the increase in the impairment on property projects and other assets; and (3) the loss from effect of foreign exchange rate changes.