Shenzhen Investment Holdings Bay Area Development Company Limited provided earnings guidance for the year ended 31 December 2023. The company expects that the profit attributable to equity shareholders of the Company for the Year 2023 will increase by more than 70% as compared to the profit attributable to equity shareholders of the Company for the year ended 31 December 2022 of approximately RMB 279 million. Such expected increase was primarily attributable to the following factors: During the Year 2023, the social transportation volume experienced restorative growth, the toll revenue of the Guangzhou-Shenzhen Superhighway, the Guangzhou-Zhuhai West Superhighway and the Shenzhen section of Guangshen Coastal Expressway recorded a year- on-year increase; During the Year 2023, it is expected that resurfacing works of the Guangzhou-Shenzhen Superhighway will not be undertaken over the remaining period of the existing concession rights, so the Group reversed its share of resurfacing obligations, resulting in a year-on-year increase in the share of results of joint venture; and (iii) During the Year 2023, the first phase of residential units of Grand Park City has started to deliver to buyers, the share of results of Grand Park City project attributable to the Group increased.