Sunway International Holdings Limited provided earnings guidance for the year ended December 31, 2023. For the year, the company expects Group's consolidated loss is expected to increase by approximately 35% to 45% as compared to the corresponding period in 2022. Such an increase in expected consolidated loss, which is mainly due to the slumping property market and related business sectors in the People's Republic of China (the "PRC"), is attributable to: the decrease in revenue by approximately 45% as well as the decrease in gross profit percentage; and the outstanding goodwill of approximately HKD 20 million, relating to the Group's manufacturing and trading business in the PRC, was impaired during the year.