Xiwang Property Holdings Company Limited provided Group earnings guidance for the six-months period ended 30 June 2021. Based on the preliminary review of the unaudited management accounts of the Group for the six-months period ended 30 June 2021 (the "Current Period") and information currently available to the Board, the Group is expected to record a consolidated net profit of not less than approximately RMB 4.0 million during the Current Period as compared with a consolidated net loss of approximately RMB 1.7 million during the six-months period ended 30 June 2020 (the "Corresponding Period"). This is mainly attributable to the reversal of over-provisions of land appreciation tax in the Current Period.