Liu Chong Hing Investment Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects to record a loss attributable to its Owners of the Company in the range of approximately HKD 800 million to HKD 850 million, compared with the profit of approximately HKD 86.1 million for the year ended 31 December 2022. The Group's results from profit to loss was mainly caused by the fair value loss of investment properties and impairment loss recognised in respect of properties under development for sale and properties held for sale in total amount of approximately HKD 896 million for the year ended 31 December 2023.

Notwithstanding the information provided above, since the fair value loss and impairment loss are non-cash in nature, they will have no effect on the operating cash flow of the Group. The overall financial and business position of the Group remains healthy.