The Board of Lee Hing Development Limited informed shareholders and potential investors of the Company that based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, the Group is expected to record a net profit of approximately HKD 126 million for the six months ended 30 June 2022, as compared to a loss attributable to the owners of the Company of approximately HKD 46 million for the six months ended 30 June 2021. The expected favorable turnaround from loss to profit was mainly attributable to a significant unrealized gain on financial assets measured at fair value through profit or loss of approximately HKD 105 million recorded.