Capital Estate Limited provided earnings guidance for the six months ended January 31, 2023. For the period, the company expected to record a loss attributable to owners of the Company of not less than HKD 9.0 million, compared to a loss attributable to owners of the Company of HKD 57.4 million for the six-month period ended 31 January 2022. The reduction in loss in the six-month period ended 31 January 2023 was mainly attributable to the fair value gain of the Group's financial investment portfolio of over HKD 6.0 million in compare to the fair value loss of HKD 41.3 million for the six-month period ended 31 January 2022.

The information contained in this announcement is only based on the preliminary assessment according to figures and information that have not been audited or reviewed by the Company's auditors or audit committee. Details of the Group's performance for the six-month period ended 31 January 2023 will be finalised and disclosed in its interim results announcement to be issued in March 2023.