Baguio Green Group Limited provided earnings guidance for the year ended December 31, 2022. FOr the year, the company expected to record a net profit attributable to the equity shareholders of the Company of approximately HKD 50.0 million for the year ended 31 December 2022, representing an increase of approximately 290% as compared to 2021. Such substantial increase in the Group's profit was mainly attributable to the following factors: (i) increase in gross profit of approximately HKD 40.0 million and an increase of revenue by approximately 40.0% for the year ended 31 December 2022; which is mainly driven by the outstanding performance in the cleaning segment; (ii) receipt of one-off subsidies of approximately HKD 11.3 million from the Employment Support Scheme under the Anti-epidemic Fund granted by the government of the Hong Kong Special Administrative Region during the year ended 31 December 2022, whereby none were received for the year ended 31 December 2021.