Regal Hotels International Holdings Limited provided earnings guidance for the six months ended 30 June, 2023. For the period, the group it is expected that the Group will incur a net loss of approximately HKD 763 million for the
2023 Interim Period, while for the comparable six months in 2022, an attributable profit of HKD 138.3 million was attained. The loss recorded for the 2023 Interim Period was mainly attributable to the substantial increase in the finance costs due to the rapid hike in the interest rates in Hong Kong, the fair value losses incurred on the Group's financial assets as well as the depreciation charges on the Group's hotel properties.