Road King Infrastructure Limited provided earning guidance for the year ended 31 December 2022. The board of Directors of the Company informed the shareholders of the Company and potential investors that, based on the information currently available to the management, the Group is expected to record a net profit ranging from approximately HKD 430 million to HKD 480 million and a net loss attributable to owners of the Company ranging from approximately HKD 450 million to HKD 500 million for the year ended 31 December 2022 (the "Year") (for the year ended 31 December 2021: net profit of the Group amounting to HKD 1,984 million and net profit attributable to owners of the Company amounting to HKD 1,028 million). The decrease in net profit for the Year is primarily attributable to the exchange loss of approximately HKD 1,300 million arisen from the significant depreciation of Renminbi during the Year.

In addition, the results of the Year were also impacted by pandemic prevention measures and sluggish property market, which resulted in the reduction in delivery area and profit margin of the properties; as well as the increase in impairment provision for properties and related assets as compared with last year, but offset by the gain on repurchase of the Group's senior notes.