GR Properties Limited provided preliminary consolidated earnings guidance for the year ended 31 December 2022. The Group is expected to record a loss attributable to Shareholders between approximately HKD 300 million to HKD 340 million for the year ended 31 December 2022, as compared to the profit attributable to Shareholders of approximately HKD 208 million in the corresponding period in 2021. The decrease in profit is mainly attributable to the following non-cash items, the one-off gain on disposal of discontinued operation of HKD 132 million during the year ended 31 December 2021 while there is no such gain for the year ended 31 December 2022; (ii) decrease in the remeasurement gain upon transfer of certain properties held for sale to investment properties as compared to that recorded in 2021 as less properties (originally held for sale) in the People's Republic of China were being leased out during the year ended 31 December 2022; and increase in fair value loss on investment properties.