Talent Property Group Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the group is expected to record a loss of not more than RMB 100 million attributable to Shareholders for the six months ended 30 June 2022 (the "Reporting Period") as compared with a profit attributable to Shareholders of approximately RMB 78.8 million for the six months ended 30 June 2021 (the "Preceding Period"). The expected loss attributable to Shareholders during the Reporting Period is due to various reasons.

As a result of severe challenges brought about by the continued impact of the COVID-19 epidemic and external economic pressures to the entire real estate industry, (i) a decrease in revenue recognized for properties sold was recorded during the Period; (ii) further provision for impairment loss for properties under development was expected in view of its slowdown in recent pre-sales; (iii) a decrease in fair value of investment properties of the Group was expected; (iv) a one-off gain on disposal of a subsidiary was recorded in the Preceding Period but not in the Reporting Period; and (v) the share of result from an associate reduced substantially as properties available for sales were almost sold in previous years.