Powerlong Real Estate Holdings Limited provided earnings guidance for the six months ended June 30, 2022. The board of directors of the company informed the shareholders of the company and potential investors that, based on a preliminary assessment of the unaudited management accounts of the Group for the six months ended 30 June 2022 and the other information currently available, for the six months ended 30 June 2022, the profit for the period of the Group is expected to be within the range of approximately RMB 1,200 million to RMB 1,600 million (for the six months ended 30 June 2021: approximately RMB 5,077 million), and the core earnings attributable to the owners of the Company is expected to be within the range of approximately RMB 1,600 million to RMB 1,800 million (for the six months ended 30 June 2021: approximately RMB 2,549 million).