Oriental Watch Holdings Limited provided earning guidance for the year ended 31 March 2022. The directors of the Company announce pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions that based on the unaudited consolidated results of the Company and its subsidiaries for the year ended 31 March 2022, it is expected that the Group's profit attributable to owners of the Company for the Year would increase to not less than HKD350 million as compared to about HKD 233.3 million of last year. Such substantial growth in profit was mainly attributable to the significant increase in
profit contribution of the Group's retail business in Mainland China as consumers increased their spending locally due to travel restrictions caused by the COVID-19 pandemic.