Cocoon Holdings Limited provided earning guidance for the financial year ended 31 December 2022. The board (the "Board") of directors ("the "Directors") of the Company informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the Group's unaudited management accounts for the year ended 31 December 2022 (the "Reporting Period") and information currently available to the Board, it is expected to record a net loss in the range of approximately HKD 40.0 million to HKD 50.0 million as compared to the net loss of approximately HKD 28.6 million for the financial year ended 31 December 2021. Such increase in unaudited consolidated net loss for the Reporting Period was primarily attributable to an increase in unrealized loss and realized loss on listed and unlisted investments.