Renco Holdings Group Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2022. For the period, the group expected to record an increase of approximately 11% in its consolidated loss before taxation for the Relevant Year to not more than HKD 500 million as compared with the loss before taxation of approximately HKD 452 million for the prior financial year ended 31 December 2021. The Board considers that the expected losses during the Relevant Year were mainly due to (i) the provision of losses on several overdue repayment of the financial assistances provided by the Group (the "Overdue Financial Assistances") and additional provision of losses on certain overdue receivables under the litigation proceedings on the Overdue Financial Assistances of approximately HKD 427 million in total; (ii) the substantial fair value losses of approximately HKD 47 million arising from the adverse market price movements in the listed securities held by the Group at the fair value through its profit and loss; and (iii) the impairment losses of approximately HKD 21 million arisen as the result of the decrease in the market value of the treasury investments segment and financial services segment caused by the current worldwide capital market fluctuations and the adverse impacts of the outbreak of Coronavirus Disease 2019.