Sinotruk (Hong Kong) Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2022. For the year, the Group expects to record a decrease in the profit attributable to owners of the Company by 55% to 65% as compared to the profit attributable to owners of the Company of approximately RMB 4,322 million for the year ended 31 December 2021. Based on the information available to the Board, the Board considers that such expected decrease in the profit was mainly attributable to factors such as the macro-economic slowdown and the disrupted logistics due to the recurrent Covid -19 pandemic situations, which together resulted in a significant year-on-year drop in truck demand in the People's Republic of China and, in turn, resulted in a relatively large drop in sales volume of the Group's trucks.