Capital VC Limited provided earnings guidance for the year ended 30 September 2022. For the year, the Group is expected that the unaudited consolidated net loss for the Current Year was recorded as compared to audited consolidated net profit for the year ended 30 September 2021 (the "Last Year") as set out in the 2021/22 annual report of the Company. Such change is mainly attributable to the turnaround of performance of the Group's assets held for trading from profit of approximately HKD 55.4 million recorded in the Last Year to loss of approximately HKD 45.0 million recorded in Current Year.

The assessment of expected credit losses on financial assets at amortised cost, and deposits and other receivables, and valuation work on the Group's unlisted investment as at 30 September 2022 are yet to be finalised as of the date of this announcement, but losses are expected to be recorded in the Current Year in this regard.