Kaisa Group Holdings Co., Ltd. has issued a warning. According to the unaudited management accounts' preliminary estimation, it is expected that a loss of approximately 8.8 billion to 9.8 billion RMB will be recorded in the first half of 2024, further expanding from the loss of 6.6 billion RMB in the same period of 2023. The increase in the loss is mainly due to a decrease in the delivery volume of properties and an increase in provisions for impairment of property projects. The company emphasizes that the current performance data have not yet been audited, confirmed, or reviewed by independent auditors or audit committees. The detailed performance will be announced on August 29, 2024. Shareholders and potential investors should exercise caution and pay attention to the company's performance announcement.

Kaisa Group Holdings Co., Ltd. has issued a warning. According to the unaudited management accounts' preliminary estimation, it is expected that a loss of approximately 8.8 billion to 9.8 billion RMB will be recorded in the first half of 2024, further expanding from the loss of 6.6 billion RMB in the same period of 2023. The increase in the loss is mainly due to a decrease in the delivery volume of properties and an increase in provisions for impairment of property projects. The company emphasizes that the current performance data have not yet been audited, confirmed, or reviewed by independent auditors or audit committees. The detailed performance will be announced on August 29, 2024. Shareholders and potential investors should exercise caution and pay attention to the company's performance announcement.