Times Neighborhood Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, it is expected that the Company will record an unaudited loss attributable to the owners of the Company for the Reporting Period ranging from RMB 200 million to RMB 300 million, as compared to the unaudited profit attributable to the owners of the Company of RMB 31.2 million for the corresponding period in 2022. The expected loss is mainly due to the impairment provided by the Group on certain goodwill during the Reporting Period, taking into account the macroeconomic and real estate industry condition in China.