Shenzhen Investment Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. for the year, the Group is expected to record an unaudited consolidated net loss attributable to equity Shareholders in the range between approximately HKD 248 million to HKD 406 million for FY2023 as compared to the audited consolidated net profit attributable to equity Shareholders of approximately HKD 2,085 million for the year ended 31 December 2022 The expected turnaround from profit to loss is primarily attributable to the combined impact of the following factors: (i) the majority of the properties pre-sold did not yet meet the conditions for recognition as sales revenue in FY2023, resulting in a decrease in sales revenue and gross profit; (ii) a turnaround from share of profit to share of loss of the results of joint ventures and associates recognized in FY2023; and (iii) an increase in finance costs recorded by the Group in FY2023. If excluding the share of loss of joint ventures and associates in FY2023, the Group is expected to record an unaudited consolidated net profit attributable to equity Shareholders in the range between approximately HKD 338 million to HKD 415 million.