Emperor International Holdings Limited provided group earnings guidance for the six months ended September 30, 2022. For the period, the Group expects to record a net loss of not more than HKD 1,150 million (2021: net profit of HKD 189 million) which is mainly due to a decline in the sales revenue of the residential property development that can be booked and recorded during the Period resulting in a drop in the Group's total revenue by approximately 60%; and a significant fair value loss of the Group's investment properties during the Period while a fair value gain was recorded in the same period last year. The Board is of the view that the fair value loss is a non-cash item and will not have a direct impact on the cash flow of the Group.