Lippo China Resources Limited provided preliminary consolidated group earnings guidance for the six months ended June 30, 2022. For the period, the group may record a net fair value loss on financial instruments at fair value through profit or loss of approximately HKD 23 million as compared to a net fair value gain of approximately HKD 218 million for the six months ended June 30, 2021. Based on information currently available to the Company, the Board estimates that the Group may record a consolidated loss attributable to shareholders of approximately HKD 130 million for the Period, as compared to a consolidated profit of approximately HKD 168 million for the Last Period.

The variance of results for the Period as compared with the Last Period was largely attributable to the net fair value loss on financial instruments at fair value through profit or loss of the Group during the Period while a net fair value gain was recorded in the Last Period.