Shanghai Zendai Property Limited provided earnings guidance for the year ended December 31, 2022. For the year, the group expected to record a profit attributable to owners of the Company of not less than HKD 2,500 million as compared to the loss attributable to owners of the Company of approximately HKD 2,070 million for the year ended 31 December 2021. Based on the preliminary review of the management accounts of the Group and information currently available to the Company, the turn-around is mainly due to the gain on disposal of the subsidiaries of not less than HKD 5,000 million for the Reporting Period (for the Prior Reporting Period: Nil).