Lai Fung Holdings Limited provided consolidated earnings guidance for the year ended July 31, 2023. For the year, the expects consolidated loss attributable to owners of the Company for the Year is expected to be within the range of HKD 580 million to HKD 595 million as compared to a net loss of approximately HKD 135 million for the year ended 31 July 2022. The increased loss, partially offset by lower other operating expenses and tax expense, was primarily due to lower property sales revenue; increased finance costs; and decrease in valuations of investment properties owned by the Group.