Golden Grand Group (02882.HK) announced on September 23rd that, based on the information currently obtained by the board of directors and the preliminary review of the unaudited comprehensive management accounts of the Group for the year ended June 30, 2024, the board of directors expects a loss attributable to the company's shareholders of approximately HK$0.13 billion to HK$0.14 billion for the year, compared to a loss of approximately HK$90 million for the year ended June 30, 2023. The board of directors believes that the increase in loss is mainly due to the surge in gold prices causing hedging losses, affecting the fair value of gold loans.