Sunac Services Holdings Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the Group is expected to record a loss attributable to owners of the Company of not more than RMB 760 million for the Relevant Period, primarily because: affected by the environment of the real estate industry, the impairment provision made by the Group based on the principle of prudence for the amounts due from related parties increased significantly. The profit attributable to owners of the Company of the Group for the Relevant Period would be no less than RMB 550 million when excluding the impairment provision made for the amounts due from related parties;based on the progress of the recovery of the amounts due from related parties, the Company actively adjusted its business strategy for the value-added services to non-property owners,
leading to a decline in the business scale of the value-added services to non-property owners, and the corresponding gross profit of the Group for the Relevant Period decreased by approximately RMB 180 million as compared to the same period last year. However, the Company's other business are progressing steadily. The increase in revenue from other business of the Group for the Relevant Period would be no less than 35% as compared to
the same period last year when excluding the revenue from the value-added services to non-property owners.