Crosstec Group Holdings Limited provided earning guidance for the six months ended 31 December 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the information currently available and the preliminary review on the Group's unaudited consolidated management accounts for the six months ended 31 December 2022 (the "Period"), the Group is expected to record a consolidated net loss of approximately HKD 10.9 million for the Period as compared with that of approximately HKD 8.2 million for the six months ended 31 December 2021. The Board considers that the increase in the consolidated net loss of the Group for the Period is mainly attributable to the following reasons: the decrease in the gross profit due to the increase in project cost of certain large interior solutions projects as a result of the unexpected delay of the relevant projects due to the lock down of the related cities under the COVID-19 pandemic; the increase in finance cost; and the increase in employee benefit expenses as a result of the increase in one-off staff restructuring cost in relation to the payment of termination benefits during the Period.