EPI (Holdings) Limited provided earnings guidance for the year ended December 31, 2022. For the year, the company expected to record an increase in loss attributable to owners of the Company to not more than HKD 50 million for Fiscal Year 2022 as compared to the loss of approximately HKD 29 million recorded for the year ended 31 December 2021 (‘FY2021'). Such expected increase in loss is mainly attributed to (i) the recognition of net loss on financial assets at fair value through profit or loss of approximately HKD 2 million in contrast to the net gain of approximately HKD 8 million recorded in Fiscal Year 2021; (ii) the increase in depreciation which mainly related to the Group's oil assets in Canada (the ‘Canadian Oil Assets') and solar energy power generation projects to approximately HKD 13 million (FY2021: HKD 2 million); (iii) the provision of expected credit loss (‘ECL') on loan and interest receivables of approximately HKD 20 million (FY2021: reversal of ECL of HKD 4 million); and (iv) the increase in other expenses to approximately HKD 15 million (FY2021: HKD 7 million) mainly due to the professional fees incurred for the acquisition of the Canadian Oil Assets, whilst partly offset by (i) the decrease in provision of ECL on debt instruments at fair value through other comprehensive income to approximately HKD 10 million (FY2021: HKD 49 million); and (ii) the profit contributions from the petroleum exploration and production and solar energy businesses totalling approximately HKD 5 million (FY2021: net loss of HKD 4 million).