Core Viewpoint - The company expects a significant reduction in net loss attributable to shareholders for the year ending December 31, 2025, by 75% to 85%, while revenue is anticipated to decrease by 5% to 15% compared to the previous year [1] Group 1: Financial Performance - The expected net loss attributable to shareholders for the year ending December 31, 2025, is projected to be between HKD 3.16 billion and HKD 5.27 billion, compared to a net loss of HKD 21.08 billion for the year ending December 31, 2024 [1] - Revenue for the year ending December 31, 2025, is expected to range from HKD 2.86 billion to HKD 3.20 billion, down from HKD 3.37 billion for the year ending December 31, 2024 [1] Group 2: Reasons for Changes - The decrease in revenue is primarily attributed to a reduction in total rental income [1] - The reduction in net loss is mainly due to a decrease in fair value loss on investment properties, particularly from properties located in Hong Kong [1] - The fair value changes are non-cash items and do not impact the company's cash flow [1]

Group 1 - The company expects to incur a net loss of approximately HKD 164 million to HKD 166 million in the first half of 2025, compared to a net loss of approximately HKD 61.3 million in the same period of 2024, primarily due to a higher expected decrease in the fair value of investment properties [1] - The anticipated decrease in the fair value of the company's investment properties for the first half of 2025 is approximately HKD 169 million to HKD 171 million, compared to a decrease of approximately HKD 67.9 million in the same period of 2024, reflecting the overall market conditions in Hong Kong's commercial retail and residential property sectors [1] - Despite the expected decrease in fair value being a non-cash item, the company does not anticipate any significant adverse impact on its operations and cash flow, as its business focuses on long-term investments and property leasing [1] Group 2 - The company also expects to incur other comprehensive expenses of approximately HKD 30 million to HKD 32 million in the first half of 2025, compared to approximately HKD 24.2 million in the same period of 2024, mainly due to the decrease in the fair value of the fund and fund properties [2] - The anticipated total comprehensive expenses for the first half of 2025 are expected to be approximately HKD 194 million to HKD 198 million, compared to approximately HKD 85.5 million in the same period of 2024 [2] - The unrealized valuation changes will not be reclassified to profit or loss and are considered non-cash items, which do not affect the company's daily operations and cash flow [2]