Lai Group Holding Company Limited provided earnings guidance for the six months ended 30 September 2022. For the six months, the company expected to record a net loss ranging from approximately HKD 1.1 million to approximately HKD 1.5 million for the six months ended 30 September 2022 as compared with a net profit of approximately HKD 0.6 million for the corresponding period in 2021. The Board considers that the net loss was primarily attributable to (i) the decline in revenue due to the decrease in the number of projects undertaken by the Group during the period as a result of the continuing adverse market conditions; and (ii) the recognition of fair value loss of approximately HKD 1.0 million on change in fair value of a key man insurance policy for the six months ended 30 September 2022.