Ching Lee Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 September 2023. The company informed the shareholders and potential investors of the Company that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2023, the Group is expected to record the net profit for the six months ended 30 September 2023 between HKD 3.0 million and HKD 3.8 million, as compared to the net profit of the Group for the six months ended 30 September 2022 of approximately HKD 1.5 million. The Board considers that the profit of the Group was mainly attributable to the revenue growth as more new projects were engaged and effective cost control compared to the six months ended 30 September 2022.

The Company is still in the course of finalizing its consolidated financial results of the Group for the six months ended 30 September 2023. The information contained in this announcement is only based on the preliminary assessment made by the Board concerning the information currently available, which has not been reviewed nor audited by the external auditor or audit committee of the Company and may be subject to change.