SRE Group Limited provided earnings guidance for the six months ended 30 June 2020. For the period, it is expected that the Group's unaudited revenue and unaudited gross profit for the six months ended 30 June 2020 (the "Reporting Period") will decrease by approximately 76% and 35%, respectively, as compared to that for the same period last year. Such decrease in revenue and gross profit was primarily attributable to the reduction in the delivered area of properties sold by Group and the termination of tenancies by tenants of the commercial properties held by the Group due to reduction in customer flow as a result of the COVID-19 epidemic. However, it is expected that the Group's unaudited net loss and unaudited loss attributable to shareholders of the Company for the Reporting Period will also significantly decrease as compared to that for the same period last year. The unaudited net loss is expected to be in the range of RMB 45 million to RMB 75 million. Such decrease in loss was mainly due to gain from disposal of investment of the Group and the reduction in various expenses of the Group as a result of the implementation of a series of effective cost reduction measures during the Reporting Period.