CHINA TRAVEL HK (00308) has announced that, compared to a shareholder attributable profit of HK$106 million for the 2024 financial year, the Group expects to record a shareholder attributable loss exceeding HK$250 million for the 2025 financial year. The Board of Directors attributes the 2025 loss primarily to impairment provisions made on the distributed tourism property assets and equity interests in associates related to the 2025 physical distribution, the reclassification of a one-off cumulative exchange difference associated with the physical distribution of the tourism property business, and a decline in the fair value of investment properties due to market fluctuations. As of December 31, 2025, the relevant physical distribution has been completed, and the related distributed assets and equity interests in associates are no longer consolidated within the Group's financial statements.