Peking University Resources (Holdings) Company Limited provided earnings guidance for the six months ended June 30, 2020. The group expects that a loss of approximately RMB 450 million to RMB 550 million will be recorded in the consolidated interim results for the six months ended 30 June 2020 (the "2020 Interim Results"), as compared to the profit recorded for the six months ended 30 June 2019. The loss recorded in the 2020 Interim Results of the Group was due to the decrease in areas delivered of property development projects.