Guangzhou R&F Properties Co., Ltd. provided group earnings guidance for the year ended 31 December 2021. The board of directors of the company informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited management accounts of the Group for the year ended 31 December 2021 and the information currently available to the Board, the Group is expected to record a net loss of not less than RMB 8 billion for the year ended 31 December 2021 as compared to a net profit for the year ended 31 December 2020.