Luen Wong Group Holdings Limited provided unaudited consolidated earnings guidance for the three months ended 30 June 2022. For the period, the group is expected to record a loss attributable to owners of the Company for 2022 First Quarter of approximately HKD 10.1 million, as compared to a profit attributable to owners of the Company of approximately HKD 6.8 million for the three months ended 30 June 2021. The Group's expected net loss for 2022 First Quarter is primarily attributable to (i) the turnaround from gross profit for the three months ended 30 June 2021 to gross loss for the three months ended 30 June 2022, (ii) unrealised fair value loss on financial assets at fair value through profit or loss; and (iii) the increase in administrative and other operating expense.