The Board of Wing On Company International Limited announced that, based on the preliminary review of the unaudited consolidated management accounts for the six months ended 30 June 2022, the Group expects to record a loss attributable to shareholders of approximately HKD 106.1 million for the six months ended 30 June 2022 as compared to a profit of HKD 399.6 million for the corresponding period in 2021. This loss is mainly due to the unrealised loss from the Group's investment portfolio ended 30 June 2022 as explained below, as well as the unrealised valuation loss of approximately HKD 51.9 million recorded on the Group's investment properties for the six months ended 30 June 2022 as compared to the unrealised net valuation gain of HKD 168.6 million recorded for the corresponding period in 2021. The Group also expects to record an underlying loss attributable to shareholders, which excludes the unrealised valuation loss on the Group's investment properties and related deferred tax thereon, for the six months ended 30 June 2022 in the amount of approximately HKD 54.5 million as compared to an underlying profit of HKD 269.0 million for the corresponding period in 2021.