Tsit Wing International Holdings Limited provided earnings guidance for the year ended 31 December 2022. The Group expects to record a profit attributable to the equity holders of the Company ranging from approximately HKD 45.5 million to HKD 50.5 million for the year ended 31 December 2022 as compared to that of HKD 80.2 million for the year ended 31 December 2021. The decrease was mainly attributable to (i) the decrease in revenue of approximately HKD 70.9 million resulting from the fifth wave outbreak of the novel coronavirus pandemic in Hong Kong and the lock down measures carried out in Mainland China in the first half of the Relevant Year, and (ii) increase in cost of sales arising from the continuous increase in raw material price under global supply chain problem during the Relevant Year, which both led to decrease in the gross profit by approximately HKD 64.2 million.