Yuzhou Group Holdings Company Limited provided consolidated earnings guidance for the six months ended 30 June 2022. The Group for the six months ended 30 June 2022 and other information currently available to the Board, it is expected that the Group will record a total revenue of approximately RMB 12,393 million for the Reporting Period, which is generally in line with that of approximately RMB 12,008 million recorded for the six months ended 30 June 2021, which was mainly due to the Company's adherence to the policy objective of "guaranteeing completion and ensuring delivery" proposed by real estate market regulatory authorities during the Reporting Period. However, (1) due to the overlay effect of repeated outbreak of the COVID-19 epidemic, the severe slowdown in real estate market, and the tightening policies of financial institutions, the gross profit of projects delivered by the Group during the Reporting Period decreased; (2) being affected by the market environment, there were indications of impairment on some real estate projects of the Company, the provision for impairment of inventories based on the principle of prudence increased, and the fair value gain on investment properties decreased; and (3) due to the continuous depreciation of RMB against the USD, the Group incurred a significant exchange loss on offshore USD-denominated notes.

It is expected that the Group will record a net profit attributable to the Shareholders of approximately RMB 55 million to RMB 65 million during the Reporting Period, representing a significant decrease as compared to the net profit attributable to the Shareholders of approximately RMB 857 million for the same period in 2021.