Core Viewpoint - The company expects to report a loss attributable to shareholders of no more than HKD 535 million for the six months ending June 30, 2025, compared to a profit of approximately HKD 150.5 million in the same period last year, primarily due to a fair value loss on convertible bonds of about HKD 497.9 million [1] Financial Performance - The anticipated loss for the upcoming period is significantly higher than the previous year's profit, indicating a substantial decline in financial performance [1] - The fair value loss on convertible bonds is a major contributor to the expected increase in losses [1] Accounting Adjustments - The board emphasizes that the fair value loss is a non-cash accounting adjustment, which does not involve any cash outflow and does not reflect the underlying core operating performance of the company [1] - The loss is attributed to the application and compliance with relevant accounting standards [1]