The board of directors of G-Resources Group Limited informed the shareholders of the Company and potential investors of the Company that, based on the preliminary assessment of the unaudited financial information currently available to the Company, it is anticipated that the Group will record a net loss of approximately USD 64.0 million for the six months ended 30 June 2022, as compared to a net profit of approximately USD 61.2 million for the six months ended 30 June 2021. The expected loss was mainly attributable to: fair value losses of financial assets and investments in perpetual notes at fair value through profit or loss held by the Group recognised of approximately USD 70.0 million in the current interim period as compared to fair value gains of approximately USD 14.8 million in the Corresponding Period; and a decrease in revenue by approximately USD 42.0 million due to: a significant net decrease in dividend and distribution income and interest income from financial products under principal investment business by approximately USD 39.0 million, which was mainly due to decrease in distribution income received from unlisted investments; and a decrease in commission income and handling charges from financial services and interest income from margin financing by approximately USD 4.0 million.