Time Watch Investments Limited provides consolidated earnings guidance for the six months ended 31 December 2022. The Group is expected to record a substantial decrease in revenue for the period by approximately 40% as compared to that for the six months ended 31 December 2021 and a loss attributable to the owners of the company of around HKD 45 million for first half of 2023 as compared to a profit attributable to the owners of the Company of HKD 40.7 million for first half of 2022. The Board considers that such changes were mainly attributable to (i) the weak consumer sentiment and temporary suspension of business of some of the Group's sales outlets in various cities of China caused by resurgence of the COVID-19 pandemic and continued appearance of variant virus; and (ii) a net loss in other income, gains and losses, mainly due to exchange loss arising from the depreciation of Renminbi against Hong Kong dollars during the period.