Chinese Estates Holdings Limited provided group earnings guidance for the year ended 31 December 2023. The board of directors of the Company informed the shareholders of the Company and potential investors that based on the information currently available to the management of the Company, it is expected that the Group may record substantial decrease in both the revenue (the "Revenue") ranging from 62% to 72% and consolidated net profit attributable to owners of the Company (the "Profit") ranging from 88% to 98% for the year ended 31 December 2023 (the "Year"), as compared with the revenue of HKD 1,435 million and the consolidated net profit attributable to owners of the Company of HKD 1,152 million for the year ended 31 December 2022.