Gemdale Properties and Investment Corporation Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the company expected profit attributable to the owners of the Company ranging from approximately RMB 1.03 billion to RMB 1.1 billion for the Period as compared to the profit attributable to the owners of the Company of approximately RMB 1.608 billion for the corresponding period in 2020. The decrease was mainly due to the decrease in sales recognition from the property development projects of the Group during the Period.