Greenland Hong Kong Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. It is expected to record a loss attributable to owners of the company within the range of approximately RMB 1.6 billion to 1.9 billion for the year ended 31 December 2023 as compared to a profit attributable to owners of the Company of approximately RMB 481 million for the year ended 31 December 2022. Such decrease was mainly attributable to the impact of the further downward trend of the property market in FY2023, which resulted in the decrease in the gross profit margin for the real estate business recognized and the fair value loss of investment properties.