Yanlord Land Group Limited provided profit guidance for the six months and full year ended 31 December 2023. For the period, the Company expects to report in its unaudited condensed interim financial statements a net loss for second half of 2023 and fiscal year 2023. Against the backdrop of the challenges posed by the real estate market environment in the People's Republic of China, the probable net loss is primarily attributable to the provision for impairment losses on the Group's certain development properties in the PRC as a result of the lower selling prices due to softer general market demand, as well as potential fair value losses on the Group's certain investment properties in the PRC.