The board of directors of Tungtex (Holdings) Company Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2021 (the "Period") and information currently available to the Company, the Group is expected to record a loss for the Period in the range of approximately HKD 30.0 million to HKD 35.0 million. As compared to the profit of approximately HKD 239.8 million recorded for the six months ended 30 September 2020, the loss recorded for the Period was mainly attributable to the absence of a one-off non-operating gain on disposal of a subsidiary in the amount of approximately HKD 278.1 million.