S E A Holdings Limited provided earning guidance for six months ended 30 June 2023. The board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023, despite the expected increase in ordinary operating profit of the Group during the current interim period, the Group expects to record a loss in the region of HKD 430 million for the six months ended 30 June 2023, as compared to a loss of approximately HKD 65 million for the corresponding period in 2022. The expected increase in loss is mainly attributable to non-recurring items including (i) a fair value loss on investment properties in the United Kingdom; and (ii) an impairment loss on the listed debt securities investments.

The abovementioned fair value loss and impairment loss are non-cash items and have no immediate impact on the cash flow of the Group.