Core Economy Investment Group Limited provided earnings guidance for the six month period ended 30 June 2022. For the period, the company expects to record an increase in loss approximately HKD 3.32 million as compared with the loss recorded by the Group for the corresponding period in 2021. The Board considers that such increase in loss is mainly attributable to the loss on net change in fair value of financial assets at fair value through profit or loss (FVTPL) of approximately HKD 2.67 million expected to be
recorded for the period ended 30 June 2022 as compared with the gain on net change in fair value of financial assets at FVTPL of approximately HKD 1.78 million recorded by the Group for the corresponding period ended 30 June 2021 as a result of the recent downturn in financial market; such effect was partially mitigated by a decrease in operating and finance cost expected to be recorded by the Group for the period ended 30 June 2022 of approximately HKD 1.04 million due to the implementation of cost saving plan and an increase in dividend income expected to be recorded by the Group for the period ended 30 June 2022 of approximately HKD 0.09 million.