Quali-Smart Holdings Limited provided consolidated earnings guidance for the fiscal year 2022. The company expected to record a further widening in the consolidated net loss for fiscal year 2022 to about HKD 94 million, as compared with (i) an expected consolidated net loss for fiscal year 2022 of not less than approximately HKD 46
million as stated in the Profit Warning Announcement; and (ii) the consolidated net loss of the Group of about HKD 35.6 million for the fiscal year 2021. Accordingly, this would represent a widening in the consolidated net loss for fiscal year 2022 of about 164% when compared with the same for fiscal year 2021.