Shoucheng Holdings Limited provided earnings guidance for the six months ended June 30, 2022. For the six months, the company expected to record a profit attributable to owners of the Company of not less than HKD 580 million
resulting in a turnaround from loss to profit as compared to a loss attributable to owners of the Company of HKD 1.395 billion for the six months ended 30 June 2021. During the first half of 2022, the Group has actively taken various measures to mitigate the impact of COVID-19. The asset management scale of parking business grew rapidly and the efficiency of asset operations improved steadily relying on technological empowerment, the revenue scale and profitability of the parking business have substantially improved compared to the same period of last year. Meanwhile, the investment return of infrastructure and real estate fund management business continuously contributes stable and considerable profit to the Group.