CPM Group Limited provided earning guidance for the six months ended 30 June 2022. The Board informed the shareholders of the Company (the "Shareholders") and prospective investors of the Company that based on the preliminary information currently available to the Board for the six months ended 30 June 2022 (the "2022 Six-month Period"), the Group would record a significant loss attributable to the Shareholders for the 2022 Six-month Period in the amount between HKD 47.0 million and HKD 54.0 million, as compared with the loss attributable to the Shareholders of HKD 16.8 million for the six months ended 30 June 2021. The significant increase in the estimated amount of loss of the Group during the 2022 Six-month Period was primarily due to the following reasons: significant decreases in sales revenue of paint and coating products of the Group in Mainland China during the 2022 Six-month Period as a result of the sluggish real property market in Mainland China and the delayed completion of new residential and commercial property projects, both of which significantly impacted the demand for architectural paint and coating products of the Group; significant increases in the international crude oil prices because of geopolitical issues which have accelerated the prices of a wide range of crude oil by-products for the production of paint and coating products; and general increases in the price levels of raw materials and packaging materials in Mainland China and the payment of staff termination compensation as part of the optimization of the business process of the Group.