Xiwang Property Holdings Company Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2023. The board informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited management accounts of the Group for the six months period ended 30 June 2023 (the "Current Period") and information currently available to the Board, the Group is expected to record a consolidated net loss of approximately MYR 1.5 million to MYR 2.5 million during the Current Period as compared with a consolidated net loss of approximately MYR 3.3 million during the six months period ended 30 June 2022 (the
"Previous Period"). This is mainly attributable to the decrease in the exchange losses and the legal and professional fees in the Current Period when compared to the Previous Period.