Shanghai XNG Holdings Limited provided earnings guidance for the six months ended 30 June 2022. The Group expects to record a loss of not more than RMB 73 million attributable to equity Shareholders of the Company for the six months ended 30 June 2022, as compared with a loss of approximately RMB 5.4 million for the six months ended 30 June 2021. Such increase in loss is mainly attributable to the decrease in the Group's profit generated from retail operations as a result of temporary closure of some of the Group's restaurants located in China (including compulsory closure of all of the Group's restaurants in Shanghai for a period of 3 months) due to the prolonged travel restrictions and preventions and control measures of the China government to contain the spread of the new COVID-19 variant.