The board of directors of the China Ever Grand Financial Leasing Group Co., Ltd. announced that, based on the information currently available to the Board and the preliminary unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, the Group is expected to record a net loss of approximately in the range of HKD 50 million to HKD 60 million for the Current Period as compared to the net loss of approximately HKD 33.4 million for the six months ended 30 June 2021. The Board considers that the expected increase in net loss is mainly attributable to the following reasons: (i) the recognition of non-cash impairment loss of approximately HKD 16 million on loan receivable of the Group's financial leasing segment (Corresponding Period: Nil); and (ii) an increase in fair value loss on financial assets at fair value through profit or loss of approximately HKD 14 million.