The Cross-Harbour (Holdings) Limited provided group earnings guidance for the year ended 31 December 2022. For the period, the Group may record an expected loss attributable to the equity holders of the Company in the region of HKD 270.0 million as compared to a loss of HKD 49.2 million recorded in the year 2021. The expected loss is primarily attributable to the currently estimated net fair value loss of financial assets measured at fair value through profit and loss of approximately HKD 590.0 million (2021: HKD 532.6 million), mainly resulting from the revaluation of the Group's unlisted investment funds and listed equity securities; and a share of losses of an associate of approximately HKD 120.0 million (2021: share of profits of an associate HKD 62.6 million).

The expected loss is also attributable to a decrease in profit contribution from the Group's tunnel operation of approximately HKD 120.0 million mainly because of a drop in toll revenue caused by the outbreak of COVID-19.