Coastal Greenland Limited provided financial guidance for the year ended 31 March 2022. The Group is expected to record a loss attributable to owners of the Company for the Year of not less than approximately HKD 940 million as compared to a loss of approximately HKD 281 million for the year ended 31 March 2021. The Board considered that the increase in loss was mainly attributable to (i) a loss on surrender of lands, details of which can be found in the announcement and circular of the Company dated 15 November 2021 and 25 February 2022 respectively and (ii) impairment loss recognised on properties under development and completed properties for sale.