New World Department Store China Limited provided group earning guidance for the six months ended 31 December 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on a preliminary assessment on the unaudited consolidated management accounts of the Company for the six months ended 31 December 2022, the Group expects to record a loss attributable to shareholders of the Company of not more than approximately HKD 172.0 million for the six months ended 31 December 2022, as compared to a profit attributable to shareholders of the Company of approximately HKD 41.0 million for the six months ended 31 December 2021. The decrease in the Group's profitability for the six months ended 31 December 2022 is primarily attributable to (i) the impact caused by the continued and prolonged pandemic of COVID-19 and (ii) increased foreign exchange losses.