S E A Holdings Limited provided earnings guidance for the year ended 31 December 2022. For the year, the company expects to record a loss in the region of HKD 380 million for the year ended 31 December 2022, as compared to the audited net profit of approximately HKD 70 million for the year ended 31 December 2021. The expected loss is mainly attributable to (i) a fair value loss on investment properties in the United Kingdom during the year of 2022 while a fair value gain on other investment properties was recorded for the year in 2021; and (ii) a significant decline in return from financial investments for the year of 2022 partially offset by a decrease in impairment loss on 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.