The board of directors of the World Super Holdings Limited announced that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2022 and other information currently available, the Group is expected to record a consolidated net loss of not less than approximately HKD 13.0 million for the Period as compared to a consolidated net loss of approximately HKD 7.6 million in the corresponding period in 2021. Based on the information currently available to the Board, such expected increase in the net loss was mainly attributable to, among other things, (i) the decrease in plant hire income of approximately HKD 8.1 million; and (ii) the increase in the loss on disposal of subsidiaries of approximately HKD 4.1 million. For further details, please refer to the announcements of the Company dated 18 March 2022, 14 April 2022 and 29 April 2022.

The effect of which is partially offset by (i) the decrease in the loss on disposal of plant and equipment of approximately HKD 1.5 million; and (ii) the decrease in wages and salaries of approximately HKD 2.5 million.