Shimao Services Holdings Limited provides consolidated earnings guidance for the year ended 31 December 2020. The board of directors of the company wishes to inform shareholders of the Company and potential investors that, based on the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 (the "Year") and the information currently available to the Company, the Group's unaudited net profit (before taking into account of the listing expenses) for the Year is expected to record an increase of not less than 80%, as compared to that for the corresponding period in 2019. The increase was mainly attributable to (i) the increase in the gross floor area of the properties under the Group's management; and (ii) the comprehensive growth in revenue from community value-added services and value-added services to non-property owners.