Lai Fung Holdings Limited provided consolidated earnings guidance for the six months ended 31 January 2023. For the year, the company expects to be within the range of HKD 170 million to HKD 180 million as compared to a net loss of approximately HKD 74.9 million for the six months ended 31 January 2022, which is primarily due to (i) lower property sales revenue; (ii) increased finance cost; and (iii) decrease in valuations of investment properties owned by the Group. Based on the latest unaudited management accounts of the Group for the six months ended 31 January 2023 ("Period"), the board of directors of the Company ("Board") wishes to inform the shareholders of the Company ("Shareholders") and potential investors that the unaudited consolidated loss attributable to owners of the Company for the six months ended 31 January 2023 is expected to be within the range of HKD 170 million to HKD 180 million as compared to a net loss of approximately HKD 74.9 million for the six months ended 31 January 2022, which is primarily due to (i) lower property sales revenue; (ii) increased finance cost; and (iii) decrease in valuations of investment properties owned by the Group.