IGG Inc. provided consolidated earnings guidance for the six months ended June 30, 2022. The company informed the shareholders of the Company and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts for the six months ended 30 June 2022 and the information currently available to the Company and its subsidiaries (collectively the "Group"), it is expected that the Group will record a net loss of around HKD 175 million for first half of 2022, of which the net loss for core game business1 is expected to be around HKD 60 million, and the gain or loss on investments is expected to record a net loss of around HKD 115 million. The decline in the Group's results is primarily attributable to the following factors: Revenue decreased by around 23% in first half of 2022 as compared to first half of 2021, primarily attributable to the natural decrease in game revenue as current core games entered into maturity phases; Research and development expenses increased by around 49% in first half of 2022 as compared to first half of 2021, primarily attributable to the increase in research and development expenditures in the Group's new game projects; and Affected by the fluctuations in the securities and investment market in first half of 2022, the Group's profit from investments in securities and private equity funds decreased by around 93%, which was lower than that in first half of 2021.