TK Group (Holdings) Limited provided consolidated earnings guidance for the six months ended 30 June 2022. The board of directors of the Company informed shareholders (the "Shareholders") and potential investors that based on a preliminary review of the unaudited management accounts of the Group and the information currently available, the Group is expected to record an approximately 50% decrease in its consolidated profit attributable to owners of the Company for the six months ended 30 June 2022 (the "Reporting Period") as compared to that for the six months ended 30 June 2021. The decrease was mainly attributable to the two factors described below.

The continued outbreak COVID-19 pandemic and the changing international landscape affected supply chain operations, semiconductor supply and major customer's production plans, resulting in a decline in the quantities of products the Company delivered during the Reporting Period. During the Reporting Period, due to customers frequently making changes to orders and an increase in the cost of self-financed mold, this resulted in the overall decline in production efficiency and a decrease in the Group's gross profit margin.