The Board of Directors of Emerging Towns & Cities Singapore Ltd. announced that the Group is expected to report a loss for the first quarter ended 31 March 2024, based on a preliminary review of the unaudited financial results of the Group for first quarter of 2024. The expected loss is mainly attributable to the following: (a) higher selling and distribution expenses mainly due to higher sales commission expenses in the Golden City project in first quarter of 2024; and (b) higher administrative expenses mainly due to higher foreign exchange losses incurred in the Golden City project in first quarter of 2024.