Sky Chinafortune Holdings Group Limited provided consolidated earnings guidance for the six months ended 30 June 2022. For the period. the company expects to record an unaudited consolidated net loss attributable to equity Shareholders in the range of approximately HKD 26 million to HKD 29 million as compared to the unaudited consolidated net profit attributable to equity Shareholders of approximately HKD 3 million for the six months ended 30 June 2021.

The estimated consolidated net loss attributable to equity Shareholders for the six months ended 30 June 2022 was mainly attributable to (i) the impact from the ongoing development and knock on effects of COVID and the related containment measures, which have caused temporary and adverse effects on the Group's operating environment in the PRC; (ii) the net valuation loss on the investment properties held by the Group as a whole of approximately HKD 33 million and (iii) the increase in provision of doubtful debts on account receivables, for which the Group had encountered delays in rental collection for certain properties of the Group.