i-Control Holdings Limited provided earnings guidance for six months ended 30 September 2023. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2023, it is expected that the Group will record a net loss of approximately HKD 3 million for the Reporting Period as compared to a net profit of approximately HKD 2 million for the six months ended 30 September 2022. The Board considers that such expected net loss was mainly due to (i) the decrease in gross operating profit of approximately HKD 1 million; (ii) the increase in staff cost of approximately HKD 2 million; (iii) the absence of the one-off subsidies amounting to HKD 0.6 million received from the Government's Anti-epidemic Fund in the reporting period; and (iv) the increase in net exchange loss of approximately HKD 0.4 million.