Xiwang Property Holdings Company Limited provided unaudited earnings guidance for the six months period ended 30 June 2022. For the period, the company expects consolidated net loss of approximately RMB 3.0 million to RMB 4.0 million during the Current Period as compared with a consolidated net profit of approximately RMB 4.7 million during the six months period ended 30 June 2021 (the "Previous Period"). This is mainly attributable to the decrease in the reversal of over-provisions of land appreciation tax and increase in the administrative expenses in the Current Period when compared to the Previous Period.