Sino ICT Holdings Limited provided earning guidance for six months ended 30 June 2023. The board of directors of the Company informed shareholders of the Company (the "Shareholders") and potential investors that based on the preliminary assessment of the unaudited management accounts for the six months ended 30 June 2023 (the " Period") and other information currently available, the loss attributable to owners of the Company was no more than
HKD 30,000,000 for the Period as compared to that of HKD 1,862,000 for the same period last year. The increase in loss attributable to owners of the Company during the Period is due mainly to the delay in revenue generation of the energy storage business and radar business for both are in the investment phase, as well as the sluggish post-pandemic economic recovery that affects industrial performance and thus the revenue. Notwithstanding the above, the overall financial, business and operating conditions of the Group remain sound.