Vanke Overseas Investment Holding Company Limited provided earnings guidance for the year ended December 31, 2022. For the year, the company expected that the Group will record a profit attributable to the Shareholders for the Year in the amount between HKD 20 million and HKD 35 million, as compared to the profit attributable to the Shareholders of approximately HKD 425 million recorded in the audited consolidated financial statements of the Group for the year ended 31 December 2021. The Board is of the view that the estimated decrease in the profit attributable to the Shareholders for the Year is mainly caused by the combined effect of a one-off termination fee of approximately HKD 163 million received by an associate from its tenant for terminating the lease for the associate's investment property located in California, the United States of America during the year ended 31 December 2021, but not during the Year, which led to a significant decrease in share of profit from the associate; and the fair value gain of approximately HKD 201 million contributed by the Group's investment property located in London, the United Kingdom, namely Ryder Court, in 2021 but not during the Year as a result of the completion of the disposal of Ryder Court on 28 January 2022.