CNT Group Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2022. For the year, the group would record a loss attributable to the Shareholders for the FY2022 in the amount between HKD 90.0 million and HKD 98.0 million, as compared with the same of HKD 20.6 million for the year ended 31 December 2021. The increase in the estimated amount of loss attributable to the Shareholders for the FY2022 was primarily due to the following factors: the decrease in the rental income generated from the investment properties of the Group due to the change of usage of one of the investment properties of the Group to hotel business; significant net fair value losses were recorded on the investment properties of the Group in Hong Kong and Mainland China as at 31 December 2022, as compared with the net fair value gains of approximately HKD 15.4 million as at 31 December 2021; and the loss attributable to shareholders of CPM Group Limited, a non wholly-owned subsidiary of the Company, as disclosed in the announcement of the CPM Group dated 3 February 2023 in relation to the profit warning of the CPM Group for the FY2022.