Jingrui Holdings Limited provides earnings guidance for the six months ended 30 June 2022. It is expected that the Group will record a net loss ranging from approximately RMB 1.4 billion to RMB 1.7 billion for the Period (for the six months ended 30 June 2021: net profit of approximately RMB365.8 million). The expected net loss for the Period is mainly due to (1) the continuous resurgence of the COVID-19, the decline in overall demand in China's real estate industry and the continuous tightening of the financing environment which had led to (i) a decline in selling prices and gross profit margins of projects as compared with the six months ended 30 June 2021, (ii) a decrease in property deliveries resulting in a lower than expected revenue, and (iii) a decrease in the fair value of investment properties of subsidiaries and joint ventures as a result of the decline in demand for commercial property leasing; and (2) exchange losses on the debts denominated in USD under the impact of changes in the exchange rate between USD and RMB.