Tai United Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2022. Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 ("1H2022 Period") and the information currently available to the Board, the Group expects to record, for 1H2022 Period a substantial loss before tax of no less than HKD 300 million, compared to that for the six months ended 30 June 2021 ("1H2021 Period"), in which the unaudited loss before tax of the Group were approximately HKD 46.9 million. The expected loss was mainly attributable to the i) decrease in fair value of investment properties in the PRC resulting from the continuous adverse impact of the outbreak of COVID-19 pandemic; and ii) increase in finance costs associated with the bank loan in connection with the acquisition of the Guangzhou shopping mall (1H2021 Period: approximately HKD 19.5 million).