Sandmartin International Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expects to record a consolidated net loss of not less than HKD 155,000,000 as compared with the consolidated net loss of approximately HKD 80,515,000 for the year ended 31 December 2022. The expected consolidated net loss for the Reporting Period is primarily attributable to the decrease in revenue of the Group; the decrease in fair value of investment properties of the Group based on the latest property valuation results; and the share of loss of an associate.