Guangzhou R&F Properties Limited ('R&F Properties') has issued a profit warning, expecting to record a net loss of approximately 2.3 billion RMB for the six months ending on June 30, 2024, a decrease of about 2.7 billion RMB compared to the same period last year. The decrease in loss is mainly due to an increase in property sales revenue and a slowdown in the depreciation of the RMB against the US dollar. However, due to the challenging real estate market environment and a decrease in sales, net losses still occur. This forecast is based on a preliminary assessment of unaudited management accounts and detailed interim performance will be announced on August 28, 2024. The company reminds shareholders and potential investors to exercise caution when trading.

Guangzhou R&F Properties Limited ('R&F Properties') has issued a profit warning, expecting to record a net loss of approximately 2.3 billion RMB for the six months ending on June 30, 2024, a decrease of about 2.7 billion RMB compared to the same period last year. The decrease in loss is mainly due to an increase in property sales revenue and a slowdown in the depreciation of the RMB against the US dollar. However, due to the challenging real estate market environment and a decrease in sales, net losses still occur. This forecast is based on a preliminary assessment of unaudited management accounts and detailed interim performance will be announced on August 28, 2024. The company reminds shareholders and potential investors to exercise caution when trading.