China Everbright Limited provided earning guidance for the six months ended 30 June 2022. For the period, the Group is expected to record a net loss of approximately HKD 2.60 billion to HKD 2.80 billion for the six months ended 30 June 2022 as compared to a profit of approximately HKD 1.81 billion recorded in the corresponding period last year. Such loss is primarily attributable to the private equity investment projects held by the Group that have been listed but not yet exited and the investments in the secondary market funds.

The net unrealized loss on these investments of approximately HKD 2.50 billion is expected to record due to the drop in market prices during the Period. The unrealized loss mentioned above has no direct cash flow impact on the Group. As at 30 June 2022, the Group's cash position remains strong at approximately HKD 10.35 billion (31 December 2021: HKD 7.16 billion).

The overall financial, business and operating positions of the Group remain healthy.