Lifestyle International Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2021. For the period the company expected to record loss attributable to owners of the company of approximately HKD 1,300 million for the year, as compared to profit of approximately HKD 139 million for the year ended December 31, 2020. The expected loss for the Year is mainly attributable to a combination of a significant net investment loss of approximately HKD 1,900 million as compared to an investment income of approximately HKD 34.5 million as recorded the previous year and much smaller fair value loss of approximately HKD 32 million as compared to the fair value loss of approximately HKD 418 million recorded last year in respect of the group's investment properties.

The turnaround to loss in the second half of the Year and the net investment loss was a direct result of the unrealized fair value loss of approximately HKD 2,280 million being recorded from the group's holding of certain equity and debt securities issued by certain property development groups based in mainland China, with an aggregate fair value of HKD 157 million and HKD 741 million respectively as at December 31, 2021.