SRE Group Limited provided group earnings guidance for the six months ended 30 June 2022. The Group is expected to record an unaudited loss attributable to the owners of the Company of an amount between RMB 120 million to RMB 180 million, as compared with a loss attributable to the owners of the Company of RMB 116 million for the corresponding period in 2021. The expected increase in the loss of the Group for the 2022 Interim Period was mainly attributable to a lower revenue and profit recognized from property sales, rentals and operations due to the resurgence of the COVID-19 pandemic and the corresponding preventive and control measures imposed by the local government in the People's Republic of China, especially the COVID-19 lockdowns in Shanghai during the second quarter in 2022; and foreign exchange translation loss attributable to a 5.3% depreciation of
Renminbi against the United States dollar in the 2022 Interim Period.