Shanghai Industrial Urban Development Group Limited provided group earnings guidance for the six months ended 30 June 2023. For the period, the company is expected that the revenue of the Company will decrease by a range between 70% and 75% as compared to that of the corresponding period in 2022; and the Company will record a loss attributable to owners of the Company in the range of approximately HKD 270 million to HKD 330 million as compared to a profit attributable to owners of the Company in the amount of approximately HKD 126 million for the corresponding period in 2022.