Sino-Ocean Group Holding Limited provided earnings guidance for the six months ended 30 June 2022. For the period, The company expects to record a loss attributable to owners of the Company ranging between approximately RMB 1,000 million to RMB 1,200 million for the Period, as compared to a profit attributable to owners of the Company of approximately RMB 1,010 million for the six months ended 30 June 2021. Based on the information currently available, the expected loss was mainly attributable to the exchange loss mainly due to the depreciation of Renminbi; the decrease in the share of profit from joint ventures; and the decline in gross profit margin as a result of the downturn in the overall real estate market and the continuous COVID-19 pandemic in the People's Republic of China, for the Period.