Ming Fai International Holdings Limited provided unaudited consolidated earning guidance for the year ended 31 December 2022. For the period, the company expected to record a profit attributable to the owners of the Company for the year ended 31 December 2022 of not less than HKD 72.0 million as compared to the loss attributable to the owners of the Company of approximately HKD 93.5 million for the year ended 31 December 2021. The profit attributable to the owners of the Company for the year ended 31 December 2022 was mainly attributable to the increase in the revenue of the hospitality supplies business resulted from the recovery of travel, tourism and aviation industries with the lifting of entry restrictions in western countries and southeast asian regions; the increased demand of hygienic products brought by the fifth wave of COVID-19 pandemic in Hong Kong in the first quarter of 2022, which had driven up the revenue of health care and hygienic products business; and the improvement in gross profit margin as a result of various measures taken by the Group including tighten cost control and more effort in sales of products with higher profit margins.