Zhong An Group Limited provided Group earnings guidance for year ended 31 December 2021. It is expected that the Group's consolidated revenue and consolidated net profit for Year 2021 will decrease by not more than approximately 35% and not more than approximately 97% respectively as compared with the consolidated revenue and consolidated net profit for the year ended 31 December 2020 ("Year 2020"). The expected decrease in consolidated revenue is mainly attributable to the fact that quite a part of the Group's pre-sold properties in recent years are not due to be delivered, which results in a decrease in the delivered property gross floor area for the Year 2021 as compared with that for the Year 2020, thus a corresponding decrease in the recognised sales revenue included in Year 2021.

Besides, the expected decrease in consolidated net profit is also attributable to the absence of fair value gain upon transfer to investment properties of the Group for the Year 2021 (such gain of approximately RMB356.8 million was recorded for Year 2020). Nonetheless, the Group recorded a contracted sales revenue of not less than approximately RMB27,900 million for the Year 2021, representing an increase of not less than approximately 27% as compared with Year 2020. Meanwhile, the balance of total cash as at 31 December 2021 increased by not less than approximately 33% as compared with 2020.

Therefore, with the Group's sound cash and financial conditions as well as continuous contracted sales growth, the Board remains optimistic and confident about the prospects of the Group.