The board of directors of Central China Management Company Limited announced that based on the preliminary assessment of the unaudited management accounts of the Group for the six months ended 30 June 2022 and other information currently available, it is expected that the Group's net profit attributable to the Shareholders will decrease by approximately 40% to 45% for the six months ended 30 June 2022 as compared to the six months ended 30 June 2021. The decrease is mainly due to the impact of the recurring COVID-19 pandemic and the continued downturn in the real estate market, resulting in a year-on-year decline in new contracted GFA and contracted sales of projects under management and a decrease in management service fee income.