Aoyuan Healthy Life Group Company Limited provided earnings guidance for the year ended 31 December 2021. it is expected the Group will record an estimated net loss of not exceeding RMB 200 million for the year ended 31 December 2021. The Board considers that the loss was primarily attributable to reasons including (a) the unstable real estate market in the People's Republic of China (the "PRC") and the negative implications on the operating environment generally faced by the property developers in the PRC, particularly in 2021; and (b) the provision for expected credit impairment due to the increase in the recoverability risks of the trade and other receivables of the Group.