1957 & Co. (Hospitality) Limited provided unaudited consolidated earnings guidance for the second quarter and six months ended June 30, 2022. The Board of Directors of the Company wishes to inform the Shareholders and potential investors that, based on the Board's preliminary review of the unaudited consolidated management accounts of the Group for the three months and six months ended 30 June 2022 and other information currently available, the Group is expected to record (i) a decrease in revenue for the Three-Month Review Period of approximately 11% to 14% or HKD 12 million to HKD 14 million from the revenue recorded for the three months ended 30 June 2021; (ii) a decrease in revenue for the Six-Month Review Period of approximately 26% to 28% or HKD 49 million to HKD 51 million from the revenue recorded for the six months ended 30 June 2021; (iii) a decrease in net profit of up to approximately HKD 2 million recorded for the Three-Month Review Period when compared to net profit recorded for the three months ended 30 June in 2021; and (iv) a net loss of approximately HKD 7 million to HKD 9 million compared to a net profit of approximately HKD 8.8 million recorded for the six months ended 30 June 2021.