Hailan Holdings Limited provided earnings guidance for the year ended December 31, 2021. The Company expects to record a net loss of around RMB 41 million for the year ended 31 December 2021, versus an audited consolidated net profit of approximately RMB 32.0 million for the year ended 31 December 2020. Such loss was mainly due to (i) a decrease of about 23% in sales recognition from the property development projects of the Group; (ii) losses on changes in fair value of investment properties; and (iii) an increase in operating expenses in the new property development projects, which led to a significant decrease in profits of the Group for the year ended 31 December 2021.