China Merchants Land Limited provided earnings guidance for the six months ended 30 June 2021. Based on the Board's preliminary assessment of the Group's unaudited consolidated management accounts for the six months ended 30 June 2021, which have not been reviewed by the Company's auditors, the net profit attributable to the owners of the Company is expected to increase by approximately 240%-260%, as compared to the corresponding period in 2020, primarily due to the reasons as stated below: The Group has recorded a significant increase in carried forward income and gross profit for the six months ended 30 June 2021 as compared to the same period in 2020; the Group's share of profits of associates and joint ventures under the equity method has recorded a year-on-year increase due to the increase in income from the associates and joint ventures of the Group for some projects located in Nanjing carried forward for the six months ended 30 June 2021.