Ruixin International Holdings Limited provided earning guidance for the six months ended 30 June 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expected to report an estimated loss of around HKD 26.0 million for the six months ended 30 June 2022 (the "Reporting Period"), as compared with the loss of approximately HKD 23.8 million for the six months ended 30 June 2021 (the "Corresponding Period"). The estimated increase in the loss for the Reporting Period was mainly due to, among others, the increase in the operating loss for the electronic products business and the increase in imputed interest expenses on convertible notes.

The increase in the operating loss for the electronic products business for the Reporting Period was mainly due to, among others, the decrease in revenue resulting from a shrink in orders for the Group's electronic components amid growing global inflation concern and as some of the giant consumer products manufacturers temporarily halted certain procurement orders according to their swelling inventories on hand.