Lippo Limited provided earnings guidance for the year ended December 31, 2022. For the year, the group expected to record a net fair value loss on financial instruments at fair value through profit or loss of not less than HKD100 million, as compared to a fair value gain of HKD 227 million for the year ended 31 December 2021. Based on information currently available to the Company, the Board estimated that the Group may record a consolidated profit attributable to shareholders of not less than HKD 100 million for the Year, as compared to a consolidated profit of HKD 500 million for Last Year.

The decrease in profit was mainly attributable to the aforesaid net fair value loss on financial instruments at fair value through profit or loss of the Group during the Year, decrease in share of profit of joint ventures and the share of loss of associates of the Group for the Year.