Tsit Wing International Holdings Limited provided group earnings guidance for the six months ended 30 June 2022. For the period, the company expects to record a profit attributable to the equity holders of the Company ranging from approximately HKD 17.5 million to HKD 21.5 million as compared to that of HKD 38.3 million for the six months ended 30 June 2021. The decrease was mainly attributable to the decrease in revenue of approximately HKD 32.3 million resulting from the fifth wave outbreak of the novel coronavirus pandemic in Hong Kong and the lock down measures carried out in Mainland China, and increase in cost of sales arising from the increase in raw material price under intensifying global supply chain problem, which led to decrease in the gross profit margin by approximately HKD 33.2 million.

The Company will continue to take measures, including, among others, stringent cost-controlling, and evolving strategy in adjusting selling price with an aim to strengthen the Group's financial performance along with the resumption of retail restaurant operations.