Classified Group (Holdings) Limited provided earnings guidance for the year ended 31 December 2022. For the year, the company expects to record a loss of not more than HKD 21.0 million for FY2022 as compared with a loss of approximately HKD 16.6 million (comprising loss of approximately HKD 18.6 million from continuing operation and profit of approximately HKD 2.0 million from discontinued operation) recorded for the year ended 31 December 2021 ("FY2021"). The Board considers the Group's increase in loss-making position for FY2022 was mainly attributable to (i) decrease in revenue from existing restaurants as affected by repeated sporadic outbreak of COVID-19 which had a greater adverse impact than the previous year; (ii) impairment loss of certain property, plant and right-of-use assets associated to the restaurants; (iii) write-down of the inventories to net realisable values; and (iv) decrease in profit from discontinued operation.