KE Holdings Inc. provided consolidated revenue guidance for the first quarter of 2022. For the first quarter of 2022, the company expects total net revenues to be between RMB 11.5 billion and RMB 12.5 billion, representing a decrease of approximately 39.6% to 44.4% from the same quarter of 2021. This forecast considers the potential impact of the recent real estate related policies and measures and the Company's current and preliminary view on the business situation and market condition, which is subject to change.