Lai Fung Holdings Limited provided consolidated earnings guidance for the six months ended January 31, 2022. Based on the latest unaudited management accounts of the Group for the six months ended 31 January 2022, the board of directors of the company inform the shareholders of the company and potential investors that the unaudited consolidated loss attributable to owners of the company for the Period is expected to decrease significantly by no less than 80% as compared to a net loss of approximately HKD 446.1 million for the six months ended 31 January 2021. The narrowed loss is primarily a mix of: improved profitability of property sales during the period under review; the absence of the write-down of properties under development to net realisable value during the Period as compared to the same period last year; and decrease in valuations of investment properties owned by the Group.