Sunkwan Properties Group Limited provides earnings guidance for the six months ended 30 June 2022. The Group is expected to record net loss attributable to owners of the parent of not less than RMB 500 million for the Period as compared with profit attributable to owners of the parent of approximately RMB 54 million for the corresponding period in 2021, primarily due to (i) a decrease in revenue recognized for properties sold for the Period, which resulted from the resurgence of novel coronavirus epidemic and the implementation of relevant prevention policy in China during the Period; (ii) an increase in provision for impairment of inventories due to the lower average selling price of property projects resulted from the resurgence of novel coronavirus epidemic and unfavorable macro market environment in China in the first half of 2022; and (iii) the exchange losses arising from debts denominated in the USD as a result of the change of exchange rate between USD and Renminbi.