Ronshine China Holdings Limited provided contracted sales guidance for the six months ended June 30, 2022. Since the second half of 2021, the business environment of China's real estate industry has undergone major changes, with increased difficulties in financing confronted by real estate companies. Under such circumstances, a number of real estate companies have successively encountered debt repayment issues, indicating accelerated deterioration of the industry's business environment.

At the same time, the recent outbreak of the COVID-19 epidemic in Shanghai and other cities has brought enormous pressure on the Group's operations. As a result of the impact of above factors combined, the Group's contracted sales declined significantly this year. For the six months ended 30 June 2022, the total contracted sales of the Group amounted to approximately RMB 38.7 billion, representing a year-on-year decrease of 53%.