The board of directors of Rich Goldman Holdings Limited informed the shareholders of the Company and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group and information currently available to the management of the Group, the Group is expected to record a loss for the financial year ended 30 June 2022 of not less than HKD 3 million as compared to the loss for the financial year ended 30 June 2021 amounted to approximately HKD 22 million. The aforesaid loss for FY2022 was decreased by approximately HKD 19 million as compared to that for FY2021 primarily attributable to (i) the increase in the revenue of the Group by approximately HKD 9 million for FY2022 as compared to that for FY2021 primarily resulted from the acquisition of 51% of the issued share capital of Fast Advance Resources Limited (the "Acquisition"); (ii) a gain on bargain purchase on the acquisition of subsidiaries of not less than HKD 29 million from the Acquisition; and (iii) the impairment loss on the properties held by the Group, which are classified as property, plant and equipment, was decreased by approximately HKD 14 million for FY2022 as compared to that for FY2021. The above was partially offset by (i) the increase in the Group's administrative expenses of approximately HKD 15 million as compared to that for FY2021, primarily as a result of the expansion of the Group's money lending business in FY2022 and the completion of the Acquisition; (ii) fair value loss of the Group's investment properties was increased by approximately HKD 6 million for FY2022 as compared to that for FY2021; (iii) the increase in the Group's impairment losses on loans receivable and interest receivables of approximately HKD 8 million as compared to that for FY2021; and (iv) the increase in the imputed interest expenses on amounts due to non-controlling shareholders of a subsidiary of not less than HKD 3 million.