Crown International Corporation Limited provided earning guidance for the six months ended 30 September 2022. The board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2022 ("the Current Period") and other information currently available to the Board, it is expected that the Group would record consolidated loss attributable to the Shareholders for the Current period of approximately HKD 400 million while there was consolidated loss attributable to the Shareholders of HKD 20.9 million for the six months ended 30 September 2021 ("the Last Period") (the "Profit Warning"). Such consolidated loss attributable to the Shareholders in the Current Period was mainly due to (a) the property valuation of loss of HKD 464 million and (b) the loss on disposal of property of HKD 288 million.