Sunac Services Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2022. For the year ended December 31, 2022, the group is expected to record an unaudited loss attributable to owners of the Company of not more than RMB 500 million for the Year, and such loss is primarily due to significant increase of the impairment provision made by the Group for the amounts due from related parties. During the Year, the Group, based on the progress of the recovery of the amounts due from related parties, proactively adjusted its value-added services to non-property owners, leading to a significant decline in the business scale of the value- added services to non-property owners.

The gross profit from other core business of the Group for the Year would have been no less than that of corresponding period of previous year if the gross profit from the value-added services to non -property owners was excluded.