The board of directors of Asia Standard Hotel Group Limited informed the shareholders of the Company and potential investors that while there has been a significant increase in revenue and profit from the Group's hotel operation following the notable improvement in tourism in Hong Kong, the Group is expected to record a loss attributable to Shareholders of approximately HKD 350 million to HKD 390 million for the six months ended 30 September 2023 based on management information currently available, as compared to a loss attributable to Shareholders of HKD 96 million for the corresponding period in 2022. Such change is primarily attributable to the increase in the provision of expected credit losses on debt securities and the decrease in interest revenue from financial investments for the Period, which is partially compensated by the much higher profit contribution from hotel operations.