Samson Holding Ltd. provided group earnings guidance for the six months ended 30 June 2023. The board of directors of the company informed the shareholders of the Company and potential investors of the Company that, based on the information currently available to the Company and preliminary assessment of the unaudited financial information of the Group for the six months ended 30 June 2023, the Group expected to record a loss in a range of approximately $1.0 million to approximately $1.3 million for the Period as compared to a profit of approximately $8.5 million for the corresponding period in 2022. The expected loss for the Period was mainly attributable to decline in the Group's revenue by approximately 23% as compared to the corresponding period in 2022 as a result of (i) the decrease in demand of sizeable home furniture in the United States of America due to continuous decline in housing market in 2023; and (ii) the ongoing inventory destocking cycle across the furniture industry pushed down the short-term operating performance of the Group.