China Huajun Group Limited provided earnings guidance for the year ended 31 December 2022. The Group is expected to record an increase in loss attributable to equity holders of the Company for the Year 2022 as compared to the loss attributable to the equity holders of the Company of RMB 1,778,008,000 for the year ended 31 December 2021 ("Year 2021"). The loss for Year 2022 is expected to be at a range of 150% to 180% of Year 2021.

Based on the information currently available to the Board, such increase in loss for Year 2022 was mainly due to (1) increase in loss on change in fair value of investment properties for Year 2022 compared to Year 2021; (2) increase in finance costs recognised in profit or loss compared to Year 2021; and (3) increase in provision for write-down of properties held for sale and property, plant and equipment.