LHN Limited provided earnings guidance for the year ended September 30, 2023. For the period, the group expects to record a lower net profit before tax from continuing operations plus profit from discontinued operations (net of tax) ("Profits") of no less than approximately SGD 40 million as compared to the financial year ended 30 September 2022 of approximately SGD 52.5 million. The lower Profits for fiscal year 2023 arises mainly from the Space Optimisation Business due to estimated net fair value loss on the Group's investment properties and joint ventures' investment properties in fiscal year 2023 as compared to net fair value gain in fiscal year 2022, which will be partially offset by one-off gains of approximately SGD 26 million from (i) disposal of an associate (Getgo Technologies Pte.

Ltd.); and (ii) disposal of the Group's 84.05% shareholding interest in its non-wholly owned subsidiary, LHN Logistics Limited, through the acceptance of the voluntary conditional general offer, and will be included in profit from discontinued operations (net of tax).