Ju Teng International Holdings Limited provides earnings guidance for the six months ended 30 June 2023. It is expected that the Group will record a loss attributable to equity holders of the Company in the range of approximately HKD 50 million to HKD 100 million for the six months ended 30 June 2023 (the "Period"), as compared to the profit attributable to equity holders of the Company of approximately HKD 115 million for the corresponding period in 2022. Despite the measures adopted by the Group to lower the operating costs, the Group is expected to record a net loss for the Period mainly due to the following factors: a decrease in the sales revenue by approximately 25% to 30% as compared with the corresponding period in 2022 mainly as a result of weak demand for notebook computers worldwide resulting from high levels of global inflation during the Period; a substantial decrease in gross profit as compared with the corresponding period in 2022 mainly as a result of destocking by downstream manufacturers, which in turn led to decreased demand for and lowered sales price of the Group's products, and lower utilization rates of the Group's production capacity; despite recording a net foreign exchange gain for the Period, other income decreased mainly due to a decrease in foreign exchange gains as compared with the corresponding period in 2022 due to relatively smaller depreciation of Renminbi against United States dollars ("USD") during the Period; and an increase in finance costs due to the increase in interest rates in USD bank borrowings.