The board of directors of China Qinfa Group Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the latest available unaudited consolidated management accounts of the Group for the six months ended 30 June 2021 (the "Period"), the Group is expected to record a profit of not less than RMB 440 million during the Period as compared with a loss of RMB 84.9 million for the six months ended 30 June 2020.