Auto Italia Holdings Limited proposed unaudited consolidated earnings guidance for the six months ended 30 June 2022. For the period, the group is expected to record a consolidated loss attributable to owners of the Company of approximately HKD 105 million to HKD 115 million for the Period, as compared to the consolidated loss attributable to owners of the Company of approximately HKD 1.1 million for the period ended 30 June 2021 (the "Statement"). The expected consolidated loss attributable to owners of the Company is primarily attributable to (i) an unrealized fair value losses of the Group's investment of an associate of approximately HKD 92.6 million measured at fair value through profit or loss which were caused by the unfavorable market condition during the Period; and (ii) the decrease of fair value gain of approximately HKD 10.4 million of investment properties during the Period, as compared to a gain of HKD 12.1 million in the same period last year.