Royale Home Holdings Limited provided earnings guidance for the year ended December 31, 2022. For the year, the group expected to record profit for the year of approximately HKD 12 million, as compared to the profit for the year of approximately HKD 88 million for the year ended December 31, 2021. The decrease in profit for the year ended December 31, 2022 was primarily attributable to the disruption to the production and sales activities of the Group resulting from COVID-19 lockdown and other social distancing measures during the year ended 31 December 2022; a drop in overall gross profit margin mainly due to sales discount promotion and the increase in cost of production of furniture products; decrease in gain in fair value of investment properties during the year ended 31 December 2022; an increase in operating expenses; provision for estimated loss from legal proceedings; and the reversal of the provision for tax in land resumption, partially offsetting the factors.