Kasen International Holdings Limited provided earnings guidance for the year ended 31 December 2022. For the year, it is expected that the Group will experience a decline to an extent ranging from approximately 70% to 90% in its consolidated net profit attributable to owners of the Company for the year ended 31 December 2022 as compared to the net profit attributable to owners of the Company of approximately RMB 220.0 million in 2021. Based on the information currently available to the Board, such decline was principally attributable to the decrease in gain on disposal of land use right and related property plant and equipment and the decline in the delivery of properties for the Group's property development projects during the year ended 31 December 2022 as compared with the year 2021.