Pak Fah Yeow International Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the company expects to record a consolidated net loss attributable to owners of the Company in the region of HKD 2.0 million as compared to the published consolidated net profit attributable to the owners of the Company of HKD 10.3 million for the same corresponding period in 2021. The Board considers that the expected loss was mainly attributable to (1) unrealised fair value loss on the Group's investment properties of approximately HKD 7.1 million as compared to the unrealised fair value loss of HKD 3.5 million of the corresponding period in 2021 due to assessment of property valuation; (2) unrealised fair value loss on the Group's list investments of approximately HKD 2.3 million as compared to the unrealised fair value gain of HKD 1.2 million due to change in market price; (3) an increase in advertising and promotional expenses in line with the sales and marketing plan in 2022; and (4) additional property expenses in 2022 for building renovation and maintenance works and related costs.