Zhong Ao Home Group Limited provided earnings guidance for the year ended 31 December 2021. For the period, the company expected to record a profit attributable to owners of the Company of not more than approximately RMB 110 million for the year ended 31 December 2021. The Board considers that the decrease is mainly attributable to the general unstable real estate market in the People's Republic of China during the second half of 2021, which affected the performance of the newly acquired businesses of the Group for the year ended 31 December 2021; and the loss on disposal resulting from the disposal of real estate agency business by the Group during the year ended 31 December 2021.