Kai Yuan Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2021. Based on the unaudited consolidated management accounts of the Group for the five months ended 31 May 2021, the unaudited consolidated loss of the Group for the five months ended on 31 May 2021 has exceeded the unaudited consolidated loss of the Group for the six months ended 30 June 2020 (the "Preceding Period"). As a result of the lack of revenue from the Paris Marriott Hotel owned by the Group due to its temporary closure up to 14 June 2021, the Board expects that the consolidated loss of the Group for the six months ending 30 June 2021 (the "Interim Period") will exceed the consolidated loss of the Group for the Preceding Period.