Tak Lee Machinery Holdings Limited provided unaudited consolidated earnings guidance for the six months Ended 31 January 2023. For the period, the company is expected to decrease by approximately 60% to 70% as compared to the net profit of the Group recorded for the corresponding period in 2022. The Board considers that the decrease in net profit was mainly attributed to (i) the decrease in the revenue of leasing business as the main reclamation and pavement works of the third runway of the Three Runway System of the Hong Kong International Airport were substantially completed in the previous financial year; and (ii) the decrease in demand of heavy vehicles, as a result of the uncertainties from the resurgence of the coronavirus disease 2019 (COVID-19) pandemic and in the economic outlook during the six months ended 31 January 2023.

Save as disclosed above, during the six months ended 31 January 2023, the supply chain and the operations of the Group were not materially and adversely affected by the COVID-19 pandemic.