Seazen Group Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2022. For the year, the company expected the profit attributable to the equity holders of the Company to be between approximately loss attributable to the equity holders of the Company of RMB 0.3 billion and profit attributable to the equity holders of the Company of RMB 1.8 billion, as compared with the profit attributable to the equity holders of the Company of approximately RMB 8.591 billion as of 31 December 2021. The expected decrease is mainly due to substantial year-on-year decrease in revenue and gross profit carried forward from property projects of the Group in 2022 as a result of structural changes in overall market environment, COVID-19 pandemic and carried-forward projects; year-on-year increase in the Group's provision for impairment on assets as a result of changes in market conditions; and net exchange losses as a result of foreign exchange fluctuation.