New World Department Store China Limited provided group earnings guidance for the year ended 30 June 2022. For the year, the company announced that, based on a preliminary assessment on the unaudited consolidated management accounts of the company for the year ended 30 June 2022, the group expects to record a loss attributable to shareholders of the company of approximately HKD 483.0 million for the year ended 30 June 2022, as compared to a loss attributable to shareholders of the Company of approximately HKD 229.4 million for the year ended 30 June 2021. The estimated increase in loss for the year ended 30 June 2022 is primarily attributable to (i) the impact caused by the continued and prolonged pandemic of COVID-19; (ii) the loss from changes in fair value of investment properties; and (iii) the impairment loss on assets, including goodwill for the Group's department store business in the People's Republic of China.