Weiye Holdings Limited provided unaudited consolidated earnings guidance for the the six months ended 30 June 2023. For the period, the company is expected to record a loss attributable to owners of the Company of approximately RMB 40 million for the six months ended 30 June 2023 as compared to a profit attributable to owners of the Company of approximately RMB 37 million for the six months ended 30 June 2022. Such expected decrease in profit is mainly attributable to lower gross profit margin in revenue of property development segment of the Group as a result of real estate policies on the housing price implemented by certain provincial governments of the People's Republic of China from time to time.