Sunac China Holdings Limited provided earnings guidance for the year ended December 31, 2021. Based on the preliminary review of the unaudited management accounts of the Group for the year ended 31 December 2021 (the "Year") and the currently available information, it is expected that the profit attributable to owners of the Company for the Year will decrease by approximately 85% as compared with last year, and the core net profit1 will decrease by approximately 50% as compared with last year, which are primarily attributable to the combined effect of the investment loss recorded by the Group from the disposal of the stocks of BEKE during the Year, the decrease in sales revenue and decline in gross profit margin recorded by the Group for the Year as well as the increase in amount of provision for the impairment on inventories and the allowance for the expected credit loss on receivables and others made by the Group as a result of the challenging conditions in the real estate industry during the second half of last year.