StarGlory Holdings Company Limited provided preliminary unaudited consolidated group earnings guidance for the three months ended June 30, 2022. For the quarter, the group expects to record a loss attributable to owners of the Company within the range of HKD 0.1 million to HKD 1.0 million, representing a substantial decrease within the range of approximately 81% to 98% as compared to a loss attributable to owners of the Company of approximately HKD 5.2 million in the corresponding period last year. The board considered that the decrease in loss during the Reporting Period was primarily attributable to the increase in other income as a sum of approximately HKD 3.7 million wage subsidies under the Employment Support Scheme launched by the Government of the Hong Kong Special Administrative Region were received for the Group's business activities carried out in Hong Kong during the Reporting Period.

In addition, as the HKSAR Government launched a food licence holders subsidy scheme under the Anti-Epidemic Fund to provide financial relief to the food business sector which was directly affected by the social distancing measures, a total one-off subsidy of HKD 400,000 was provided to the Group and recorded as other income for being an eligible licence holder of general restaurants in operation. No such subsidies were recorded for the corresponding period last year.