The board of directors of Binjiang Service Group Co. Ltd. announced that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended June 30, 2022 and the information currently available, it is expected that (i) excluding the impact of the withholding tax provision note for the current year, the Group's adjusted profit attributable to equity shareholders of the Company for the six months ended June 30, 2022 would increase by more than 35% as compared with that for the six months ended June 30, 2021; and (ii) the Group's profit attributable to equity shareholders of the Company for the six months ended June 30, 2022 would increase by more than 25% as compared with that for the six months ended June 30, 2021. The increase in profit attributable to equity shareholders of the Company was mainly due to: (1) the increase in gross floor area of properties under management by the Group; and (2) the growth in revenue from value-added services.

For the six months ended June 30, 2022, gross floor area of properties under the management by the Group reached approximately 35.4 million sq.m., representing an increase of approximately 42.2% as compared with the corresponding period of last year. New gross floor area of properties under management acquired during the first half of year 2022 reached approximately 5.5 million sq.m., approximately 4.0 million sq.m. of which was developed by independent third parties, accounting for 72.7%. Contracted gross floor area reached approximately 57.4 million sq.m., representing an increase of approximately 41.3% as compared with the corresponding period of last year.

During the first half of year 2022, the Group put great efforts in implementing strategies to expand its business into properties developed by third parties and expanded its management business to cover hospitals. The Group also expanded its coverage over Shenzhen. During the first half of year 2022, the Group did not have any mergers and acquisitions.