Sang Hing Holdings (International) Limited provided group earnings guidance for the six months ended September 30, 2022. The board of directors of the company inform the shareholders of the company and potential investors that, based on the information currently available to the Board and the preliminary review of the latest available unaudited consolidated management accounts of the Group for the six months ended 30 September 2022, the Group is expected to record a decrease in net profit for the six months ended 30 September 2022 by approximately 70% as compared to the net profit of approximately HKD 8.5 million recorded by the Group for the six months ended 30 September 2021. The substantial decrease in net profit is mainly attributable to (i) the decrease in revenue; and (ii) the decrease in gross profit margin due to increase in fuel costs, raw material costs, direct wages and subcontracting costs.