Weiye Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the six ended June 30, 2022. For the period, the group expected to record a profit attributable to owners of the Company of approximately RMB 35 million as compared to a loss attributable to owners of the Company of approximately RMB 90 million for the six months ended 30 June 2021. Such expected improvement was mainly attributable to an increase in revenue of property development segment of the Group as the Group's property projects could be handed over to the customers as scheduled; and a decrease in administrative expenses as a result of the effective cost control measures implemented within the Group for the six months ended 30 June 2022.