Jingrui Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record a net loss ranging from approximately RMB 1,700 million to RMB 2,000 million, as compared to a net loss of approximately RMB 4,278 million for the year ended 31 December 2022. Based on the information currently available, such expected decrease in loss during the year was primarily due to a decrease in foreign exchange losses on debts denominated in USD and interest expenses as compared to the year ended 31 December 2022; and a decrease in the provision for impairment losses on property projects and receivables as the relevant provisions have been made in the year ended 31 December 2022 based on the principle of prudence and no major provisions were required for the year.