Century Legend (Holdings) Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the group anticipated a loss attributable to owners of the Company for the six months ended 30 June 2022 ranging from approximately HKD 13,000,000 to HKD 16,000,000, as compared with the loss attributable to owners of the Company of approximately HKD 337,000 for the corresponding period in 2021. The increase in loss was mainly attributable to the fair value loss of approximately HKD 6,000,000 on financial assets at fair value through profit or loss comprised of blue chip Hong Kong listed equity shares for the period ended 30 June 2022 instead of fair value gain of HKD 5,198,000 for the corresponding period in 2021.

With the continued outbreak of the coronavirus epidemic posing economic downturn local and worldwide, fair values of these securities investment dropped substantially as of 30 June 2022. In addition, there was unrealized RMB exchange loss around HKD 3,800,000 for the six months ended 30 June 2022 instead of unrealized RMB exchange gain around HKD 1,400,000 for the corresponding period in 2021.