C Cheng Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2022. The Board of directors of the company informed the shareholders of the Company and the potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group, the Group is expected to record a loss attributable to owners of the Company of approximately HKD 13 million for the six months ended 30 June 2022, as compared with a loss attributable to owners of the Company of approximately HKD 4 million recorded for the corresponding period in 2021. The Board considers that such loss was mainly attributable to the following factors:- The severe slowdown in the property market in mainland China and the tightening policies from the Government of the People ' s Republic of China and financial institutions impacted the dynamics of the real estate sector in mainland China in the first half of the year; and The persistent outbreak of the COVID-19 pandemic in mainland China and Hong Kong and lockdowns and stringent quarantine measures across different cities in the first half of the year have adversely affected the pace and progress of the projects of the Group.