Peking University Resources (Holdings) Company Limited provided earnings guidance for the six months ended 30 June 2021. For the period, the company expected that the loss of the Group for the Period will increase by over 90% as compared to the loss for the six months ended 30 June 2020 (approximately RMB 491 million). Such increase in loss was mainly due to an increase in finance costs as a result of decrease in interest capitalized of the Group's subsidiaries with their property development projects completed and increase in interest on loans; and an increase in income tax expense as a result of increase in corporate income tax and land appreciation tax in China during the Period.