China New City Commercial Development Limited provides unaudited consolidated guidance for the year ended 31 December 2022. For the period, the Group is expected to record a significant decrease in each of revenue and gross profit for the 2022 Year by approximately RMB 279.3 million (or 32.1%) and approximately RMB 99.1 million (or 45.8%) respectively as compared to the year ended 31 December 2021.