Kelfred Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2022. Based on preliminary review of the unaudited consolidated management accounts of the Company for the six months ended 30 June 2022 (the "Reporting Period") and the information currently available to the Board, the Company is expected to record a net profit of approximately HKD 13 million for the Reporting Period as compared to a net loss of approximately HKD 2.8 million for the six months ended 30 June 2021. The Board considers the turnaround from net loss for the six months ended 30 June 2021 to net profit for the Reporting Period was primarily attributable to (i) the increase in revenue generated from sale of eyewear products due to improvement in market conditions during the Reporting Period and (ii) the exchange gains resulting from the depreciation of Renminbi for the Reporting Period, in contrast with the exchange losses resulting from the appreciation of Renminbi for the six months ended 30 June 2021.