LONG Investment Group (02312)'s profit warning expects the loss to be accounted for by shareholders in the medium term of about HK$50 million to about HK$60 million year-on-year profit and loss

According to Zhitong Finance App, LONG Investment Group (02312) issued an announcement. The board of directors now anticipates that the Group will record losses attributable to the owners of the Company between HK$50 million and HK$60 million for the six months ending June 30, 2026, while the six months ending June 30, 2025 will record a profit attributable to the owners of the Company of about HK$1.8 million.

Based on currently available information, the Board of Directors believes that the expected loss during the period is mainly due to the combined effects of the following: the Group recorded a net fair value loss on financial assets calculated at fair value through profit and loss, which reflects changes in the market price of certain listed equity securities held by the Group; the digital assets held by the Group recorded revaluation losses; and an increase in the Group's administrative expenses.

The Board wishes to emphasize that the fair value and revaluation changes described above are of a non-cash nature. Other than those described above, the Board of Directors is currently unaware of any other significant adverse changes in the financial or operating conditions of the Group as of the date of this announcement.