Times Neighborhood Holdings Limited provided earnings guidance for the six months ended June 30, 2020. For the period, the group is expected that the unaudited profit attributable to the equity owners of the Group for the six months ended 30 June 2020 will record an increase by no less than 70% as compared to that for the corresponding period in 2019. Such expected increase was primarily attributable to the following reasons: an increase in gross floor area of properties under management by the Group of approximately 35% as compared with the corresponding period in 2019; the growth in revenue from the provision of property management services and value-added services to non-property owners of approximately 40% and approximately 50% respectively as compared with the corresponding period in 2019; and an increase of approximately 1% point on the gross profit margin of the Group as compared with the corresponding period in 2019.