Weiye Holdings Limited provided group earnings guidance for the year ended 31 December 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on its preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2022, it is expected to record a profit attributable to owners of the Company of approximately RMB 7 million for the year ended 31 December 2022 as compared to a loss attributable to owners of the Company of approximately RMB 128 million for the year ended 31 December 2021. Such expected increase was mainly attributable to an increase in revenue of property development segment of the Group; and a decrease in administrative expenses as a result of the effective cost control measures implemented within the Group for the year ended 31 December 2022 when compared with the year ended 31 December 2021.