Times Neighborhood Holdings Limited provided earning guidance for the six months ended 30 June 2022. The board of directors of the Company informed shareholders and potential investors of the Company that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 and other information currently available to the Company, it is expected that the unaudited net profit attributable to the owners of the Company for the six months ended 30 June 2022 will record a decrease of approximately 75% to 80%, as compared to the corresponding period in 2021. The expected decrease in such profit is mainly due to the macroeconomic conditions and cyclical downturn in the real estate market, which confine the profit margin of the Company.