Zhuguang Holdings Group Company Limited provided earnings guidance for the year ended 31 December 2022. The Group is expected to record a loss attributable to the owners of the Company of not less than approximately HKD 900,000,000 for the year ended 31 December 2022 (" financial year 2022"), as compared with a profit attributable to the owners of the Company of approximately HKD 71,018,000 for the year ended 31 December 2021 ("FY2021"), which was mainly attributable to (i) the recognition of a fair value loss on investment properties, net, for FY2022 (FY2021: fair value gain on investment properties, net, of approximately HKD 77,679,000), mainly caused by the decrease in the fair value of the Group's investment properties located in the Mainland China as at 31 December 2022 from that as at 31 December 2021; (ii) the increase in the provision of impairment of properties held for own operation, properties under development and completed properties held for sale recorded by the Group for FY2022 (FY2021: approximately HKD 103,393,000), as a result of the current weak property market in the People's Republic of China; and (iii) the foreign exchange loss, net, recorded by the Group for FY2022 (FY2021: foreign exchange gain, net, of approximately HKD 406,130,000), mainly as a result of the depreciation of the Renminbi against the Hong Kong Dollar during FY2022.