Great Wall Terroir (00524.HK) announced that the group is expected to record a net loss attributable to shareholders of approximately HKD 10 million to HKD 11 million for the six months ended June 30, 2024, while the net loss for the previous six months ended June 30, 2023 was approximately HKD 12.9 million.

The board of directors believes that the decrease in net loss for this period is mainly due to the overall impact of the following factors: (a) a reduction in operating and administrative expenses of about HKD 1.3 million, mainly due to a decrease in legal and professional fees in various categories during this period (including the development and maintenance of e-commerce platforms and telecommunication service branches, as well as professional opinions on evaluating potential investment and business development opportunities); (b) recognizing income of approximately HKD 0.9 million from financial assets recognized according to fair value through other comprehensive income recognized as a result of terminating the recognition designation; and (c) recognizing income of approximately HKD 0.3 million from reversing the impairment loss for trade receivables, while a loss of approximately HKD 0.4 million for trade receivables was recorded in the previous period.