The board of directors of StarGlory Holdings Company Limited announced that based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2022 and the information currently available to the Board, the Group is expected to record a loss attributable to owners of the Company within the range of HKD 0.8 million to HKD 6.0 million for the Reporting Period, representing a substantial decrease within the range of approximately 29% to 90% as compared to a loss attributable to owners of the Company of approximately HKD 8.4 million in the corresponding period last year. The Board considers that the decrease in loss during the Reporting Period was primarily attributable to the increase in other income as a sum of approximately HKD 5.6 million wage subsidies under the Employment Support Scheme launched by the Government of the Hong Kong Special Administrative Region were received for the Group's business activities carried out in Hong Kong during the Reporting Period. In addition, as the HKSAR Government launched a food licence holders subsidy scheme under the Anti-Epidemic Fund to provide financial relief to the food business sector which was directly affected by the social distancing measures, a total one-off subsidy of HKD 400,000 was provided to the Group and recorded as other income for being an eligible licence holder of general restaurants in operation.

No such subsidies were recorded for the corresponding period last year.