Wharf Real Estate Investment Company Limited provided earnings guidance for the six months ended 30 June 2022. Based on preliminary indication from the semi-annual independent revaluation of the Group's investment properties ("IP"), the Board of Directors of the Company (the "Board") advised shareholders and investors that the unrealised IP revaluation deficit for the six months ended 30 June 2022 may exceed the underlying net profit for the same period. That would result in a loss attributable to equity shareholders, compared to a profit of HKD 2,970 million for the corresponding period in 2021.